Goldman Sachs Raises Goldcorp Price Target to C$32.00 (GG)
A number of other firms have also recently commented on GG. Analysts at TheStreet upgraded shares of Goldcorp to a “hold” rating in a research note on Tuesday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.63.
Goldcorp (NYSE:GG) traded up 0.07% on Wednesday, hitting $28.43. The stock had a trading volume of 1,372,208 shares. Goldcorp has a 52-week low of $20.54 and a 52-week high of $32.15. The stock’s 50-day moving average is $27.98 and its 200-day moving average is $26.15. The company’s market cap is $23.114 billion.
Goldcorp (NYSE:GG) last announced its earnings results on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the 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 previous 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. Analysts expect that Goldcorp will post $0.86 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, August 29th. Investors 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 2.11%. 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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