Wall Street analysts expect Goldcorp Inc. (NYSE:GG) (TSE:G) to report $891.47 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Goldcorp’s earnings. The highest sales estimate is $903.39 million and the lowest is $879.55 million. Goldcorp reported sales of $898.00 million in the same quarter last year, which suggests a negative year over year growth rate of 0.7%. The firm is scheduled to report its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Goldcorp will report full-year sales of $891.47 million for the current fiscal year, with estimates ranging from $3.12 billion to $3.47 billion. For the next financial year, analysts anticipate that the business will report sales of $3.46 billion per share, with estimates ranging from $3.09 billion to $3.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Goldcorp.

A number of brokerages have recently weighed in on GG. HSBC lowered shares of Goldcorp from a “buy” rating to a “hold” rating and set a $14.80 price objective on the stock. in a report on Wednesday, November 22nd. J P Morgan Chase & Co raised their price objective on shares of Goldcorp from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, November 15th. Royal Bank Of Canada upgraded shares of Goldcorp from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $15.00 to $18.00 in a report on Wednesday, November 1st. Scotiabank reduced their price objective on shares of Goldcorp from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. Finally, National Bank Financial upgraded shares of Goldcorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.76.

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

Goldcorp (GG) opened at $12.72 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 0.69. Goldcorp has a 1 year low of $11.91 and a 1 year high of $17.87. The company has a market cap of $11,028.24, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 3.07 and a beta of -0.10.

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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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Earnings History and Estimates for Goldcorp (NYSE:GG)

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