Cormark Brokers Reduce Earnings Estimates for Goldcorp Inc. (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Research analysts at Cormark dropped their FY2017 earnings per share (EPS) estimates for Goldcorp in a report issued on Tuesday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.52 for the year, down from their previous forecast of $0.61. Cormark also issued estimates for Goldcorp’s Q4 2017 earnings at $0.13 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.63 EPS.

Several other research firms have also commented on G. National Bank Financial boosted their price target on Goldcorp from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. BMO Capital Markets set a C$16.00 price target on Goldcorp and gave the stock a “market perform” rating in a research report on Wednesday, January 17th. CSFB raised Goldcorp from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$15.50 to C$19.00 in a research report on Tuesday, January 16th. Canaccord Genuity boosted their price target on Goldcorp from C$21.00 to C$21.50 in a research report on Friday, January 19th. Finally, Scotiabank reduced their price target on Goldcorp to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given 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 price target of C$21.14.

Goldcorp (TSE:G) opened at C$16.94 on Friday. The company has a market capitalization of $14,690.00, a price-to-earnings ratio of 17.83 and a beta of -0.39. Goldcorp has a 1 year low of C$15.00 and a 1 year high of C$23.35.

ILLEGAL ACTIVITY WARNING: This report was first reported by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://weekherald.com/2018/02/18/cormark-brokers-reduce-earnings-estimates-for-goldcorp-inc-g-2.html.

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)

Receive News & Ratings for Goldcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply