National Bank Financial Equities Analysts Increase Earnings Estimates for Goldcorp Inc. (GG)

Goldcorp Inc. (NYSE:GG) (TSE:G) – Equities researchers at National Bank Financial increased their FY2019 earnings per share estimates for shares of Goldcorp in a report released on Wednesday. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will earn $0.91 per share for the year, up from their prior estimate of $0.84. National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Goldcorp’s FY2020 earnings at $1.01 EPS.

A number of other research firms have also recently weighed in on GG. Scotiabank set a $18.00 price objective on shares of Goldcorp and gave the company a “buy” rating in a report on Tuesday, January 16th. Canaccord Genuity cut shares of Goldcorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. CIBC lifted their price objective on shares of Goldcorp from $17.50 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. TD Securities raised shares of Goldcorp from a “buy” rating to an “action list buy” rating and lifted their price objective for the company from $20.00 to $22.00 in a report on Wednesday, January 17th. Finally, Raymond James Financial lifted their price objective on shares of Goldcorp from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, January 17th. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.39.

Goldcorp (NYSE:GG) traded down $0.07 during midday trading on Monday, reaching $14.32. 6,959,200 shares of the company were exchanged, compared to its average volume of 10,024,438. The firm has a market capitalization of $12,440.00, a P/E ratio of 23.87, a PEG ratio of 3.25 and a beta of -0.10. Goldcorp has a 52 week low of $11.64 and a 52 week high of $17.87. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.17.

Goldcorp (NYSE:GG) (TSE:G) last posted its earnings results on Wednesday, October 25th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Goldcorp had a net margin of 14.91% and a return on equity of 3.27%.

Several hedge funds have recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its position in Goldcorp by 1.1% during the second quarter. Moors & Cabot Inc. now owns 24,454 shares of the basic materials company’s stock worth $313,000 after acquiring an additional 275 shares during the last quarter. Stifel Financial Corp boosted its position in Goldcorp by 0.7% during the second quarter. Stifel Financial Corp now owns 58,951 shares of the basic materials company’s stock worth $761,000 after acquiring an additional 430 shares during the last quarter. Highlander Capital Management LLC boosted its position in Goldcorp by 4.7% during the second quarter. Highlander Capital Management LLC now owns 11,125 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 500 shares during the last quarter. IHT Wealth Management LLC acquired a new position in Goldcorp during the second quarter worth about $1,441,000. Finally, Advisor Group Inc. boosted its position in Goldcorp by 1.2% during the second quarter. Advisor Group Inc. now owns 51,603 shares of the basic materials company’s stock worth $620,000 after acquiring an additional 637 shares during the last quarter. 53.47% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Goldcorp (NYSE:GG)

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