Goldcorp Inc. to Post FY2017 Earnings of $0.65 Per Share, Desjardins Forecasts (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Desjardins raised their FY2017 earnings per share (EPS) estimates for Goldcorp in a research note issued on Friday. Desjardins analyst J. Wolfson now expects that the company will earn $0.65 per share for the year, up from their previous estimate of $0.64. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Goldcorp’s Q4 2017 earnings at $0.16 EPS, FY2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.26 EPS and FY2019 earnings at $1.08 EPS.

Goldcorp (TSE:G) (NYSE:GG) last released its earnings results on Wednesday, October 25th. The company reported C$0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.11. Goldcorp had a return on equity of 3.20% and a net margin of 12.82%.

Several other brokerages have also weighed in on G. CSFB raised Goldcorp from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$15.50 to C$19.00 in a report on Tuesday. Scotiabank decreased their price objective on Goldcorp to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. JPMorgan Chase & Co. lifted their price objective on Goldcorp from C$21.00 to C$23.60 in a report on Wednesday, November 15th. Royal Bank of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$15.00 to C$18.00 in a report on Wednesday, November 1st. Finally, Eight Capital reissued a “buy” rating on shares of Goldcorp in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$21.87.

Shares of Goldcorp (TSE G) opened at C$19.13 on Monday. Goldcorp has a fifty-two week low of C$15.00 and a fifty-two week high of C$23.35. The stock has a market capitalization of $16,590.00, a P/E ratio of 25.51 and a beta of -0.53.

In other Goldcorp news, Director De La Vega Blanca Treviño acquired 7,150 shares of the business’s stock in a transaction on Friday, November 17th. The stock was purchased at an average price of C$13.45 per share, for a total transaction of C$96,167.50. Also, insider Russell David Ball sold 3,000 shares of Goldcorp stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of C$16.91, for a total value of C$50,730.00. Insiders have sold a total of 6,589 shares of company stock valued at $106,887 in the last 90 days.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 22nd were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.42%. Goldcorp’s dividend payout ratio (DPR) is presently 10.67%.

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Goldcorp Company Profile

Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.

Earnings History and Estimates for Goldcorp (TSE:G)

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