Equities research analysts expect Goldcorp Inc. (NYSE:GG) (TSE:G) to report earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Goldcorp’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.09. Goldcorp also posted earnings of $0.12 per share during the same quarter last year. The firm is expected to issue its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Goldcorp will report full year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.44. For the next year, analysts forecast that the company will post earnings of $0.53 per share, with EPS estimates ranging from $0.29 to $0.68. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Goldcorp.

A number of research firms have issued reports on GG. Jefferies Group set a $13.00 target price on Goldcorp and gave the stock a “hold” rating in a report on Tuesday, August 15th. HC Wainwright reiterated a “buy” rating on shares of Goldcorp in a report on Monday, September 25th. BidaskClub upgraded Goldcorp from a “sell” rating to a “hold” rating in a report on Friday, August 11th. HSBC cut Goldcorp from a “buy” rating to a “hold” rating and set a $14.80 target price for the company. in a report on Wednesday, November 22nd. Finally, J P Morgan Chase & Co raised their price objective on Goldcorp from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.76.

Several hedge funds and other institutional investors have recently made changes to their positions in GG. Private Advisor Group LLC bought a new position in shares of Goldcorp in the 3rd quarter valued at about $137,000. Highlander Capital Management LLC lifted its stake in Goldcorp by 4.7% in the 2nd quarter. Highlander Capital Management LLC now owns 11,125 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 500 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in Goldcorp in the 2nd quarter valued at about $155,000. Bourgeon Capital Management LLC acquired a new stake in Goldcorp in the 2nd quarter valued at about $161,000. Finally, Koch Industries Inc. acquired a new stake in Goldcorp in the 2nd quarter valued at about $163,000. Institutional investors own 53.50% of the company’s stock.

Goldcorp (NYSE:GG) traded up $0.08 during mid-day trading on Friday, reaching $12.72. The company’s stock had a trading volume of 9,020,967 shares, compared to its average volume of 5,785,658. The company has a market cap of $10,958.88, a PE ratio of 23.85, a PEG ratio of 3.05 and a beta of -0.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.00. Goldcorp has a 52-week low of $11.91 and a 52-week high of $17.87.

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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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