Goldcorp’s “Sector Outperform” Rating Reaffirmed at Scotiabank (GG)
Goldcorp (NYSE:GG)‘s stock had its “sector outperform” rating restated by Scotiabank in a research note issued on Thursday, AnalystRatings.Net reports.
GG has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Goldcorp from $34.00 to $32.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Goldcorp from $32.00 to $30.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Goldcorp in a research note to investors on Thursday, November 28th. They now have a $23.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Goldcorp currently has a consensus rating of “Buy” and a consensus price target of $30.10.
Shares of Goldcorp (NYSE:GG) traded up 1.27% during mid-day trading on Thursday, hitting $22.41. 10,301,398 shares of the company’s stock traded hands. Goldcorp has a one year low of $20.54 and a one year high of $38.61. The stock’s 50-day moving average is $21.74 and its 200-day moving average is $25.34. The company’s market cap is $18.197 billion.
Goldcorp (NYSE:GG) last released its earnings data on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. 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 prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts predict that Goldcorp will post $0.94 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, January 24th. Stockholders of record on Thursday, January 16th will be paid a dividend of 0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Tuesday, January 14th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.