Desjardins Weighs in on Goldcorp Inc.’s FY2017 Earnings (G)
Goldcorp Inc. (TSE:G) (NYSE:GG) – Stock analysts at Desjardins upped their FY2017 EPS estimates for shares of Goldcorp in a report issued on Friday. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of $0.65 for the year, up from their prior estimate of $0.64. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Goldcorp’s Q4 2017 earnings at $0.16 EPS, FY2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.26 EPS and FY2019 earnings at $1.08 EPS.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Scotiabank reduced their price objective on Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. CIBC downgraded Goldcorp from a “buy” rating to a “sell” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. lifted their price objective on Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Finally, Eight Capital reiterated a “buy” rating on shares of Goldcorp in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$22.35.
In other Goldcorp news, insider Russell David Ball sold 3,000 shares of the firm’s stock in a transaction on 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 business’s stock in a transaction on Friday, November 17th. The shares were acquired at an average cost of C$13.45 per share, with a total value of C$96,167.50. In the last quarter, insiders have sold 6,589 shares of company stock worth $106,887.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 22nd were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.45%. Goldcorp’s payout ratio is 10.67%.
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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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