Brokerages Set Goldcorp Inc. (G) Price Target at $22.08

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Shares of Goldcorp Inc. (TSE:G) (NYSE:GG) have earned a consensus rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$22.08.

A number of equities analysts recently weighed in on the company. Canaccord Genuity raised Goldcorp from a “hold” rating to a “buy” rating and upped their price target for the stock from C$21.50 to C$25.00 in a report on Monday, April 23rd. National Bank Financial reduced their price target on Goldcorp from C$29.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, April 27th.

G traded down C$0.12 on Monday, reaching C$17.64. 625,570 shares of the stock were exchanged, compared to its average volume of 2,233,045. Goldcorp has a fifty-two week low of C$15.00 and a fifty-two week high of C$19.32.

Goldcorp (TSE:G) (NYSE:GG) last issued its quarterly earnings data on Wednesday, April 25th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.04). The company had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.10 billion. Goldcorp had a net margin of 28.37% and a return on equity of 6.90%.

The company also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Thursday, June 14th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Wednesday, June 13th.

In related news, insider Patrick James Merrin acquired 8,800 shares of Goldcorp stock in a transaction dated Thursday, May 17th. The shares were acquired at an average cost of C$17.29 per share, for a total transaction of C$152,152.00.

Goldcorp Company Profile

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.

Analyst Recommendations for Goldcorp (TSE:G)

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