Goldcorp Inc. to Post FY2018 Earnings of $0.54 Per Share, Jefferies Group Forecasts (GG)

Goldcorp Inc. (NYSE:GG) (TSE:G) – Jefferies Group raised their FY2018 EPS estimates for Goldcorp in a report released on Friday, according to Zacks Investment Research. Jefferies Group analyst C. Lafemina now forecasts that the basic materials company will post earnings of $0.54 per share for the year, up from their previous forecast of $0.52. Jefferies Group currently has a “Hold” rating and a $13.00 target price on the stock. Jefferies Group also issued estimates for Goldcorp’s FY2019 earnings at $0.69 EPS and FY2020 earnings at $0.79 EPS.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group raised shares of Goldcorp from a “neutral” rating to an “outperform” rating in a report on Monday. Zacks Investment Research raised shares of Goldcorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, January 8th. HC Wainwright reaffirmed a “buy” rating on shares of Goldcorp in a report on Monday, September 25th. HSBC lowered 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, Desjardins lowered shares of Goldcorp from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.65.

Shares of Goldcorp (NYSE GG) traded up $0.45 during trading hours on Monday, hitting $14.35. 8,218,500 shares of the stock were exchanged, compared to its average volume of 8,275,822. 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 1 year low of $11.64 and a 1 year high of $17.87. The company has a market cap of $12,460.00, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.60 and a beta of -0.10.

Goldcorp (NYSE:GG) (TSE:G) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.09 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.09. Goldcorp had a net margin of 14.91% and a return on equity of 3.27%.

Several large investors have recently bought and sold shares of GG. Private Advisor Group LLC purchased a new position in Goldcorp during the 3rd quarter valued at about $137,000. Highlander Capital Management LLC lifted its position in Goldcorp by 4.7% during the 2nd quarter. Highlander Capital Management LLC now owns 11,125 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 500 shares during the period. First Allied Advisory Services Inc. purchased a new position in Goldcorp during the 2nd quarter valued at about $155,000. Koch Industries Inc. purchased a new position in Goldcorp during the 2nd quarter valued at about $163,000. Finally, Stephens Inc. AR purchased a new position in Goldcorp during the 3rd quarter valued at about $173,000. 53.42% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Thursday, December 14th were given a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.56%. Goldcorp’s dividend payout ratio is 13.33%.

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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.

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Earnings History and Estimates for Goldcorp (NYSE:GG)

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