Q3 2018 EPS Estimates for Goldcorp Inc. Cut by Cormark (G)

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Goldcorp Inc. (TSE:G) (NYSE:GG) – Analysts at Cormark dropped their Q3 2018 earnings estimates for Goldcorp in a report released on Tuesday, October 16th, Zacks Investment Research reports. Cormark analyst R. Gray now anticipates that the company will earn ($0.01) per share for the quarter, down from their prior forecast of $0.05.

Goldcorp (TSE:G) (NYSE:GG) last announced its quarterly earnings data on Wednesday, October 24th. The company reported C($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.07). The company had revenue of C$811.59 million for the quarter, compared to analysts’ expectations of C$925.94 million.

Several other research analysts have also recently commented on G. National Bank Financial lowered their price target on shares of Goldcorp from C$25.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Canaccord Genuity lowered their price target on shares of Goldcorp from C$25.00 to C$23.00 in a report on Tuesday, July 24th. Finally, BMO Capital Markets upgraded shares of Goldcorp from a “market perform” rating to an “outperform” rating in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$19.92.

TSE G traded down C$0.19 on Thursday, hitting C$12.16. 3,198,000 shares of the stock were exchanged, compared to its average volume of 2,440,528. The company has a current ratio of 1.01, a quick ratio of 0.54 and a debt-to-equity ratio of 20.02. Goldcorp has a fifty-two week low of C$11.00 and a fifty-two week high of C$19.32.

In other news, Director David Willis Splett sold 2,454 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of C$11.71, for a total value of C$28,736.34. Also, insider Jason Mark Attew sold 8,178 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of C$11.71, for a total transaction of C$95,764.38. In the last 90 days, insiders sold 34,599 shares of company stock valued at $443,022.

Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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Earnings History and Estimates for Goldcorp (TSE:G)

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