Research Analysts Offer Predictions for Goldcorp Inc.’s Q4 2017 Earnings (GG)

Goldcorp Inc. (NYSE:GG) (TSE:G) – Stock analysts at Desjardins reduced their Q4 2017 earnings per share (EPS) estimates for Goldcorp in a report issued on Tuesday. Desjardins analyst J. Wolfson now anticipates that the basic materials company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.14. Desjardins currently has a “Hold” rating on the stock.

Other equities analysts also recently issued research reports about the stock. TD Securities raised shares of Goldcorp from a “buy” rating to an “action list buy” rating and boosted their target price for the stock from $20.00 to $22.00 in a report on Wednesday, January 17th. Scotiabank set a $18.00 target price on shares of Goldcorp and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised shares of Goldcorp from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, December 27th. HSBC downgraded shares of Goldcorp from a “buy” rating to a “hold” rating and set a $14.80 target price on the stock. in a report on Wednesday, November 22nd. Finally, Royal Bank of Canada set a $15.00 target price on shares of Goldcorp and gave the stock a “hold” rating in a report on Monday, October 23rd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Goldcorp has an average rating of “Buy” and a consensus target price of $17.48.

Goldcorp (NYSE GG) opened at $13.20 on Thursday. Goldcorp has a 1-year low of $11.64 and a 1-year high of $17.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 0.69. The company has a market cap of $10,993.56, a price-to-earnings ratio of 21.64, a PEG ratio of 2.68 and a beta of 0.05.

Goldcorp (NYSE:GG) (TSE:G) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.12 by $0.16. Goldcorp had a net margin of 14.91% and a return on equity of 3.27%. During the same period in the prior year, the firm earned $0.12 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of GG. Cerebellum GP LLC bought a new position in shares of Goldcorp in the fourth quarter worth about $133,000. Private Advisor Group LLC bought a new position in shares of Goldcorp in the third quarter worth about $137,000. Belpointe Asset Management LLC bought a new position in shares of Goldcorp in the fourth quarter worth about $141,000. Koch Industries Inc. bought a new position in shares of Goldcorp in the second quarter worth about $163,000. Finally, Stephens Inc. AR bought a new position in Goldcorp during the 3rd quarter worth about $173,000. Hedge funds and other institutional investors own 54.08% of the company’s stock.

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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 (NYSE:GG)

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