Goldcorp Inc. Plans Monthly Dividend of $0.05 (GG)
Goldcorp (NYSE:GG) announced a monthly dividend on Tuesday, August 12th, StockRatingsNetwork.com 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.
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