Goldcorp (GG) Announces Earnings Results

Goldcorp (NYSE:GG) (TSE:G) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.16, Briefing.com reports. Goldcorp had a return on equity of 3.27% and a net margin of 14.91%. During the same period in the previous year, the company posted $0.12 EPS.

Goldcorp (NYSE GG) traded up $0.52 on Wednesday, hitting $13.20. The stock had a trading volume of 12,724,516 shares, compared to its average volume of 9,120,000. 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 has a 52-week low of $11.64 and a 52-week high of $17.87. The stock has a market capitalization of $11,460.00, a PE ratio of 22.00, a PEG ratio of 2.71 and a beta of 0.05.

A number of equities analysts have commented on GG shares. Credit Suisse Group raised Goldcorp from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $15.50 to $19.00 in a research note on Monday, January 15th. CIBC lifted their price target on Goldcorp from $17.50 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. TD Securities raised Goldcorp from a “buy” rating to an “action list buy” rating and lifted their price target for the stock from $20.00 to $22.00 in a research note on Wednesday, January 17th. JPMorgan Chase & Co. boosted their target price on Goldcorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, November 15th. Finally, Royal Bank of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $15.00 to $18.00 in a research note on Wednesday, November 1st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.48.

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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 for Goldcorp (NYSE:GG)

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