Goldcorp Inc. (NYSE:GG) (TSE:G) – Stock analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of Goldcorp in a note issued to investors on Tuesday. Jefferies Group analyst C. Lafemina forecasts that the basic materials company will earn $0.08 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $15.00 target price on the stock.

GG has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Goldcorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Berenberg Bank set a $17.00 price objective on shares of Goldcorp and gave the stock a “hold” rating in a report on Thursday, February 16th. Canaccord Genuity downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Deutsche Bank AG raised their price objective on shares of Goldcorp from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, March 21st. Finally, TheStreet upgraded shares of Goldcorp from a “d+” rating to a “c-” rating in a report on Friday, February 17th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.19.

Earnings History and Estimates for Goldcorp (NYSE:GG)

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Shares of Goldcorp (NYSE:GG) opened at 14.90 on Thursday. Goldcorp has a 52 week low of $11.91 and a 52 week high of $20.38. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 78.42 and a beta of 0.12. The firm has a 50-day moving average of $15.15 and a 200 day moving average of $14.80.

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Goldcorp (NYSE:GG) last issued its quarterly earnings results on Wednesday, February 15th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. Goldcorp had a negative net margin of 114.28% and a positive return on equity of 0.24%. The firm had revenue of $898 million for the quarter, compared to analyst estimates of $1.07 billion.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Thursday, March 16th were given a $0.02 dividend. The ex-dividend date was Tuesday, March 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.54%. Goldcorp’s dividend payout ratio (DPR) is currently -1.58%.

Several institutional investors have recently added to or reduced their stakes in GG. M&R Capital Management Inc. raised its position in Goldcorp by 10.2% in the fourth quarter. M&R Capital Management Inc. now owns 7,595 shares of the basic materials company’s stock worth $103,000 after buying an additional 700 shares during the period. Orinda Asset Management LLC purchased a new position in Goldcorp during the third quarter worth approximately $116,000. Fore Research & Management LP purchased a new position in Goldcorp during the fourth quarter worth approximately $136,000. GSA Capital Partners LLP purchased a new position in Goldcorp during the fourth quarter worth approximately $137,000. Finally, Fort Pitt Capital Group LLC purchased a new position in Goldcorp during the fourth quarter worth approximately $139,000. Institutional investors own 57.76% of the company’s stock.

About Goldcorp

Goldcorp Inc 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. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.

5 Day Chart for NYSE:GG

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