National Bank Financial Comments on Goldcorp Inc.’s FY2017 Earnings (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities researchers at National Bank Financial cut their FY2017 earnings per share estimates for shares of Goldcorp in a report released on Wednesday. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.52 per share for the year, down from their prior estimate of $0.54. National Bank Financial has a “Outperform” rating and a $25.00 price objective on the stock. National Bank Financial also issued estimates for Goldcorp’s FY2019 earnings at $1.13 EPS and FY2020 earnings at $1.25 EPS.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Goldcorp from C$21.00 to C$23.60 in a report on Wednesday, November 15th. CIBC lowered shares of Goldcorp from a “buy” rating to a “sell” rating in a report on Thursday, November 30th. Scotiabank cut their price target on shares of Goldcorp to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Canaccord Genuity lifted their price target on shares of Goldcorp from C$21.00 to C$21.50 in a report on Thursday, October 26th. Finally, Desjardins reaffirmed a “hold” rating on shares of Goldcorp in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$21.26.

Goldcorp (TSE G) opened at C$17.91 on Monday. Goldcorp has a 1-year low of C$15.00 and a 1-year high of C$23.35. The stock has a market cap of $15,530.00, a P/E ratio of 23.88 and a beta of -0.53.

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

In other news, insider Russell David Ball sold 2,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of C$16.82, for a total transaction of C$33,640.00. Also, Director De La Vega Blanca Treviño acquired 7,150 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were bought at an average cost of C$13.45 per share, for a total transaction of C$96,167.50. Insiders have sold 6,589 shares of company stock worth $106,887 over the last three months.

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About Goldcorp

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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