FY2018 EPS Estimates for Goldcorp Inc. (G) Lowered by Analyst
Goldcorp Inc. (TSE:G) (NYSE:GG) – Stock analysts at National Bank Financial lowered their FY2018 earnings per share estimates for Goldcorp in a research note issued to investors on Wednesday. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.31 for the year, down from their previous forecast of $0.37. National Bank Financial currently has a “Outperform” rating and a $25.00 target price on the stock.
Other equities research analysts have also recently issued research reports about the company. Desjardins restated a “hold” rating on shares of Goldcorp in a report on Monday, December 11th. BMO Capital Markets set a C$16.00 price objective on Goldcorp and gave the stock a “market perform” rating in a report on Wednesday. CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$15.50 to C$19.00 in a report on Tuesday. Canaccord Genuity raised their price objective on Goldcorp from C$21.00 to C$21.50 in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Goldcorp from C$21.00 to C$23.60 in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$21.26.
Goldcorp (TSE:G) (NYSE:GG) last announced its earnings results on Wednesday, October 25th. The company reported C$0.11 EPS for the quarter, meeting analysts’ consensus estimates of C$0.11. Goldcorp had a return on equity of 3.20% and a net margin of 12.82%.
In related news, insider Russell David Ball sold 2,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of C$16.82, for a total value of C$33,640.00. Also, Director De La Vega Blanca Treviño acquired 7,150 shares of the business’s stock in a transaction on Friday, November 17th. The stock was bought at an average cost of C$13.45 per share, for a total transaction of C$96,167.50. Insiders sold a total of 6,589 shares of company stock worth $106,887 over the last ninety days.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 22nd were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Wednesday, December 13th. Goldcorp’s dividend payout ratio (DPR) is currently 10.67%.
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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