Goldcorp Raised to “Hold” at TheStreet (GG)
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.76.
Shares of Goldcorp (NYSE:GG) traded up 0.14% during mid-day trading on Tuesday, hitting $28.57. The stock had a trading volume of 1,051,447 shares. Goldcorp has a one year low of $20.54 and a one year high of $32.15. The stock has a 50-day moving average of $27.97 and a 200-day moving average of $26.11. The company’s market cap is $23.227 billion.
Goldcorp (NYSE:GG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue 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.
The company also recently declared a monthly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, August 19th.
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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