Research Analysts Set Expectations for Goldcorp Inc.’s FY2017 Earnings (G)
Goldcorp Inc. (TSE:G) (NYSE:GG) – Investment analysts at Jefferies Group raised their FY2017 earnings per share (EPS) estimates for shares of Goldcorp in a research note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now expects that the company will post earnings per share of $0.51 for the year, up from their prior estimate of $0.48. Jefferies Group also issued estimates for Goldcorp’s FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.83 EPS.
A number of other brokerages have also weighed in on G. National Bank Financial restated a “sec perform spec market wgt” rating on shares of Goldcorp in a research report on Sunday, July 23rd. TD Securities cut their price target on shares of Goldcorp to C$25.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Finally, Canaccord Genuity upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$19.50 to C$21.00 in a report on Friday, September 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$22.67.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, September 14th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.48%.
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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