Goldcorp Inc. Expected to Post Q2 2017 Earnings of $0.08 Per Share (NYSE:GG)
Goldcorp Inc. (NYSE:GG) (TSE:G) – Investment analysts at National Bank Financial issued their Q2 2017 EPS estimates for Goldcorp in a report issued on Sunday. National Bank Financial analyst M. Parkin forecasts that the basic materials company will post earnings per share of $0.08 for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Goldcorp’s FY2018 earnings at $0.28 EPS, FY2019 earnings at $0.77 EPS and FY2020 earnings at $0.85 EPS.
Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. Goldcorp had a net margin of 7.31% and a return on equity of 2.72%. The business had revenue of $882 million during the quarter, compared to the consensus estimate of $929.91 million. During the same quarter in the prior year, the firm earned $0.10 EPS. ILLEGAL ACTIVITY WARNING: “Goldcorp Inc. Expected to Post Q2 2017 Earnings of $0.08 Per Share (NYSE:GG)” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/07/26/goldcorp-inc-expected-to-post-q2-2017-earnings-of-0-08-per-share-nysegg.html.
A number of other research firms have also recently commented on GG. Jefferies Group LLC boosted their target price on shares of Goldcorp from $14.50 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Scotiabank reissued an “outperform” rating and set a $19.00 target price on shares of Goldcorp in a research note on Thursday, April 27th. Morgan Stanley reissued an “overweight” rating and set a $17.00 target price on shares of Goldcorp in a research note on Monday, May 1st. Deutsche Bank AG reissued a “hold” rating and set a $15.00 target price (down previously from $16.00) on shares of Goldcorp in a research note on Sunday, June 25th. Finally, Royal Bank Of Canada set a $17.00 target price on shares of Goldcorp and gave the stock a “hold” rating in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Goldcorp presently has an average rating of “Hold” and a consensus target price of $17.27.
Goldcorp (GG) opened at 13.42 on Wednesday. The firm’s 50 day moving average is $13.27 and its 200 day moving average is $14.64. The company has a market cap of $11.49 billion, a P/E ratio of 45.96 and a beta of 0.02. Goldcorp has a 12-month low of $11.91 and a 12-month high of $19.35.
A number of institutional investors have recently bought and sold shares of GG. Nomura Asset Management Co. Ltd. raised its position in Goldcorp by 55.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 8,400 shares of the basic materials company’s stock valued at $123,000 after buying an additional 3,000 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Goldcorp during the fourth quarter valued at $137,000. Northwestern Mutual Wealth Management Co. raised its position in Goldcorp by 12.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,358 shares of the basic materials company’s stock valued at $137,000 after buying an additional 1,037 shares during the last quarter. BB&T Securities LLC purchased a new position in Goldcorp during the first quarter valued at $161,000. Finally, First Financial Equity Corporation purchased a new position in Goldcorp during the first quarter valued at $162,000. Institutional investors own 56.62% of the company’s stock.
Goldcorp Company Profile
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.
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