Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities researchers at Desjardins issued their Q4 2017 earnings per share estimates for shares of Goldcorp in a research note issued on Monday. Desjardins analyst J. Wolfson forecasts that the company will post earnings of $0.14 per share for the quarter. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Goldcorp’s Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.27 EPS and Q3 2019 earnings at $0.28 EPS.
G has been the topic of a number of other reports. National Bank Financial upgraded shares of Goldcorp from a “sector perform” rating to an “outperform” rating and set a C$24.00 price objective on the stock in a research note on Thursday, October 26th. Canaccord Genuity lifted their price objective on shares of Goldcorp from C$21.00 to C$21.50 in a research note on Thursday, October 26th. Eight Capital restated a “buy” rating on shares of Goldcorp in a research note on Thursday, November 16th. J P Morgan Chase & Co lifted their price objective on shares of Goldcorp from C$21.00 to C$23.60 in a research note on Wednesday, November 15th. Finally, Scotiabank cut their price objective on shares of Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$22.35.
In other Goldcorp news, insider Russell David Ball sold 3,000 shares of Goldcorp stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of C$16.91, for a total transaction of C$50,730.00. Also, Director De La Vega Blanca Treviño bought 7,150 shares of the stock in a transaction on Friday, November 17th. The shares were acquired at an average cost of C$13.45 per share, for a total transaction of C$96,167.50. In the last ninety days, insiders have sold 5,939 shares of company stock worth $96,962.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.02 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.08 annualized dividend and a yield of 0.53%. Goldcorp’s dividend payout ratio (DPR) is presently 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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