Desjardins Analysts Lower Earnings Estimates for Goldcorp Inc. (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities researchers at Desjardins cut their FY2017 earnings per share estimates for shares of Goldcorp in a research note issued to investors on Wednesday. Desjardins analyst J. Wolfson now expects that the company will post earnings of $0.64 per share for the year, down from their previous estimate of $0.65. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Goldcorp’s FY2018 earnings at $0.43 EPS.

A number of other equities analysts have also recently commented on the company. Canaccord Genuity raised their target price on Goldcorp from C$21.00 to C$21.50 in a report on Friday. National Bank Financial increased their price target on Goldcorp from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. BMO Capital Markets set a C$16.00 price target on Goldcorp and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$15.50 to C$19.00 in a research note on Tuesday, January 16th. Finally, CIBC lowered Goldcorp from a “buy” rating to a “sell” rating in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$21.26.

Goldcorp (TSE:G) opened at C$17.91 on Monday. Goldcorp has a twelve month low of C$15.00 and a twelve month high of C$23.35. The company has a market capitalization of $15,530.00, a price-to-earnings ratio of 23.88 and a beta of -0.53.

Goldcorp (TSE:G) (NYSE:GG) last announced its earnings results on Wednesday, October 25th. The company reported C$0.11 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.11. Goldcorp had a return on equity of 3.20% and a net margin of 12.82%.

In other news, Director De La Vega Blanca Treviño acquired 7,150 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of C$13.45 per share, for a total transaction of C$96,167.50. Also, insider Russell David Ball sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of C$16.82, for a total value of C$33,640.00. Insiders sold a total of 6,589 shares of company stock valued at $106,887 in the last quarter.

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About Goldcorp

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.

Earnings History and Estimates for Goldcorp (TSE:G)

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