Goldcorp Inc. Expected to Post FY2017 Earnings of $0.64 Per Share (G)
Goldcorp Inc. (TSE:G) (NYSE:GG) – Analysts at Desjardins issued their FY2017 earnings per share (EPS) estimates for shares of Goldcorp in a research report issued on Monday. Desjardins analyst J. Wolfson forecasts that the company will earn $0.64 per share for the year. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Goldcorp’s FY2018 earnings at $0.69 EPS, FY2019 earnings at $1.10 EPS, FY2020 earnings at $0.91 EPS and FY2021 earnings at $0.76 EPS.
Several other equities analysts have also recently commented on the stock. CIBC cut shares of Goldcorp from a “buy” rating to a “sell” rating in a research report on Thursday, November 30th. Eight Capital reiterated a “buy” rating on shares of Goldcorp in a research report on Thursday, November 16th. J P Morgan Chase & Co upped their price objective on shares of Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Royal Bank of Canada upgraded shares of Goldcorp from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Finally, Scotiabank lowered their price objective on shares of Goldcorp to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$22.35.
In other Goldcorp news, Director De La Vega Blanca Treviño bought 7,150 shares of Goldcorp stock in a transaction on Friday, November 17th. The shares were purchased at an average cost of C$13.45 per share, with a total value of C$96,167.50. Also, insider Russell David Ball sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of C$16.82, for a total transaction of C$33,640.00. Over the last quarter, insiders have sold 6,659 shares of company stock valued at $108,828.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 22nd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, December 13th. Goldcorp’s dividend payout ratio is 10.39%.
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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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