Goldcorp (GG) Announces Quarterly Earnings, Beats Expectations By $0.03 EPS
Goldcorp (NYSE:GG) released its earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03, AnalystRatingsNetwork reports. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis.
Shares of Goldcorp (NYSE:GG) opened at 26.24 on Thursday. Goldcorp has a one year low of $22.22 and a one year high of $47.42. The stock has a 50-day moving average of $28.77 and a 200-day moving average of $28.88. The company’s market cap is $21.307 billion.
The company also recently announced a monthly dividend, which is scheduled for Friday, October 25th. Stockholders of record on Thursday, October 17th will be paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Tuesday, October 15th.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Goldcorp in a research note to investors on Thursday. They set a “buy” rating on the stock. On the ratings front, analysts at HSBC upgraded shares of Goldcorp from a “neutral” rating to an “overweight” rating in a research note to investors on Monday. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Goldcorp in a research note to investors on Friday, September 20th. They set a “buy” rating and a $34.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.64.
Goldcorp Inc (NYSE:GG) 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.
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