Goldcorp Price Target Raised to $32.00 at RBC Capital (GG)
Stock analysts at RBC Capital upped their price objective on shares of Goldcorp (NYSE:GG) from $31.00 to $32.00 in a report issued on Tuesday, AR Network reports. RBC Capital’s target price points to a potential upside of 16.15% from the stock’s previous close.
GG has been the subject of a number of other recent research reports. Analysts at Mackie downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research note on Friday. Separately, analysts at Dundee Securities reiterated a “neutral” rating on shares of Goldcorp in a research note on Tuesday, January 21st. Finally, analysts at Barclays cut their price target on shares of Goldcorp from $32.00 to $30.00 in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Goldcorp currently has an average rating of “Hold” and a consensus target price of $28.19.
Goldcorp (NYSE:GG) opened at 27.55 on Tuesday. Goldcorp has a 1-year low of $20.54 and a 1-year high of $34.01. The stock has a 50-day moving average of $23.85 and a 200-day moving average of $25.01. The company’s market cap is $22.389 billion.
Goldcorp (NYSE:GG) last released its earnings data on Wednesday, February 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.13. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. Analysts expect that Goldcorp will post $0.65 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, February 21st. Investors of record on Thursday, February 13th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, February 11th.
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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