Equities research analysts expect Goldcorp Inc. (NYSE:GG) (TSE:G) to post sales of $839.36 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Goldcorp’s earnings, with the lowest sales estimate coming in at $823.34 million and the highest estimate coming in at $855.38 million. Goldcorp posted sales of $915.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 8.3%. The business is scheduled to report its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Goldcorp will report full year sales of $839.36 million for the current year, with estimates ranging from $3.12 billion to $3.43 billion. For the next year, analysts expect that the business will post sales of $3.43 billion per share, with estimates ranging from $3.09 billion to $3.67 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Goldcorp.

GG has been the subject of several research reports. TD Securities restated a “buy” rating on shares of Goldcorp in a research note on Thursday, June 15th. Royal Bank Of Canada set a $17.00 target price on Goldcorp and gave the company a “hold” rating in a research note on Wednesday, May 24th. Jefferies Group LLC set a $15.00 target price on Goldcorp and gave the company a “hold” rating in a research note on Friday, May 19th. Deutsche Bank AG restated a “hold” rating and issued a $15.00 target price (down from $16.00) on shares of Goldcorp in a research note on Sunday, June 25th. Finally, BidaskClub upgraded Goldcorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.64.

Goldcorp (GG) opened at 13.38 on Thursday. The company has a market cap of $11.57 billion, a PE ratio of 24.55 and a beta of 0.02. Goldcorp has a 52 week low of $11.91 and a 52 week high of $17.87. The company’s 50-day moving average price is $13.03 and its 200 day moving average price is $14.22.

Several institutional investors have recently bought and sold shares of GG. Van ECK Associates Corp boosted its position in Goldcorp by 5.6% in the first quarter. Van ECK Associates Corp now owns 58,304,591 shares of the basic materials company’s stock valued at $850,663,000 after buying an additional 3,112,702 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Goldcorp by 4.9% in the second quarter. First Eagle Investment Management LLC now owns 34,814,349 shares of the basic materials company’s stock valued at $449,453,000 after buying an additional 1,628,150 shares in the last quarter. Carmignac Gestion boosted its position in Goldcorp by 4.1% in the second quarter. Carmignac Gestion now owns 27,336,612 shares of the basic materials company’s stock valued at $352,916,000 after buying an additional 1,082,557 shares in the last quarter. Vanguard Group Inc. boosted its position in Goldcorp by 4.1% in the second quarter. Vanguard Group Inc. now owns 20,163,542 shares of the basic materials company’s stock valued at $260,311,000 after buying an additional 801,859 shares in the last quarter. Finally, FMR LLC boosted its position in Goldcorp by 163.8% in the first quarter. FMR LLC now owns 17,612,338 shares of the basic materials company’s stock valued at $256,931,000 after buying an additional 10,937,064 shares in the last quarter. 53.99% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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Earnings History and Estimates for Goldcorp (NYSE:GG)

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