Goldcorp (NYSE:GG) (TSE:G) released its quarterly earnings results on Wednesday, April 25th. The basic materials company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02), Briefing.com reports. The company had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $868.52 million. Goldcorp had a net margin of 16.39% and a return on equity of 2.32%. During the same quarter in the previous year, the company posted $0.20 EPS.
Goldcorp opened at $13.51 on Friday, MarketBeat.com reports. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 3.11 and a beta of 0.09. Goldcorp has a twelve month low of $13.43 and a twelve month high of $13.55. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.
A number of equities research analysts recently weighed in on the company. ValuEngine downgraded Goldcorp from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Deutsche Bank raised their price target on Goldcorp from $16.00 to $16.50 and gave the stock a “hold” rating in a report on Wednesday, April 11th. Finally, Canaccord Genuity upgraded Goldcorp from a “hold” rating to a “buy” rating in a research note on Monday, April 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $17.67.
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.
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