Share on StockTwits

Goldcorp (NYSE:GG) announced a monthly dividend on Tuesday, August 12th, reports. Stockholders of record on Thursday, August 21st will be paid a dividend of 0.05 per share on Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, August 19th.

GG has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Goldcorp from $19.00 to $21.00 in a research note on Tuesday, August 5th. They now have an “underperform” rating on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of Goldcorp in a research note on Monday, August 4th. They now have a $28.00 price target on the stock, up previously from $26.00. Finally, analysts at Raymond James upgraded shares of Goldcorp from a “market perform” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $33.00 price target on the stock, up previously from $31.00. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.76.

Shares of Goldcorp (NYSE:GG) traded up 2.05% on Tuesday, hitting $28.83. 5,258,703 shares of the company’s stock traded hands. Goldcorp has a 1-year low of $20.54 and a 1-year high of $32.15. The stock’s 50-day moving average is $27.78 and its 200-day moving average is $25.93. The company’s market cap is $23.439 billion.

Goldcorp (NYSE:GG) last released its earnings data on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.06. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $991.93 million. During the same quarter last year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Goldcorp will post $0.86 earnings per share for the current fiscal year.

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.