Goldcorp (GG) Posts Quarterly Results
Goldcorp (NYSE:GG) posted its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.13, Analyst Ratings.Net reports. 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.
Shares of Goldcorp (NYSE:GG) opened at 27.69 on Wednesday. Goldcorp has a 52-week low of $20.54 and a 52-week high of $33.80. The stock’s 50-day moving average is $24.06 and its 200-day moving average is $25.02. The company’s market cap is $22.503 billion.
The company also recently announced a monthly dividend, which is scheduled for Friday, February 21st. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, February 11th.
Several analysts have recently commented on the stock. Analysts at TD Securities raised their price target on shares of Goldcorp from C$29.00 to C$33.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of Goldcorp from $31.00 to $32.00 in a research note on Tuesday. Finally, analysts at Mackie downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Goldcorp presently has a consensus rating of “Hold” and an average target price of $28.19.
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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