Desjardins Weighs in on Goldcorp Inc.’s Q4 2017 Earnings (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities research analysts at Desjardins lowered their Q4 2017 earnings estimates for shares of Goldcorp in a report released on Tuesday. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their prior estimate of $0.17. Desjardins currently has a “Hold” rating on the stock.

Several other analysts have also recently commented on G. Canaccord Genuity boosted their price target on Goldcorp from C$21.00 to C$21.50 in a research report on Friday, January 19th. Royal Bank of Canada upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Eight Capital reiterated a “buy” rating on shares of Goldcorp in a research report on Thursday, November 16th. CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$15.50 to C$19.00 in a research report on Tuesday, January 16th. Finally, National Bank Financial boosted their price target on Goldcorp from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. One research 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’s stock. The stock currently has an average rating of “Buy” and an average target price of C$21.26.

Shares of Goldcorp (G) opened at C$16.78 on Thursday. Goldcorp has a 12-month low of C$15.00 and a 12-month high of C$23.35. The company has a market capitalization of $13,860.00, a P/E ratio of 22.08 and a beta of -0.39.

In other news, Director De La Vega Blanca Treviño purchased 7,150 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of C$13.45 per share, for a total transaction of C$96,167.50.

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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 (TSE:G)

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