Equities analysts expect that Goldcorp Inc. (NYSE:GG) (TSE:G) will post earnings per share of $0.09 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Goldcorp’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.07. Goldcorp reported earnings of ($0.01) per share in the same quarter last year, which would indicate a positive year over year growth rate of 1,000%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, July 26th.
According to Zacks, analysts expect that Goldcorp will report full year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.23 to $0.50. For the next year, analysts anticipate that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.34 to $0.67. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Goldcorp.
Goldcorp (NYSE:GG) (TSE:G) last released its earnings results on Wednesday, April 26th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. Goldcorp had a net margin of 7.31% and a return on equity of 2.72%. The company had revenue of $882 million for the quarter, compared to the consensus estimate of $929.91 million. During the same period in the prior year, the company posted $0.10 EPS.
A number of equities analysts recently commented on the company. BidaskClub raised Goldcorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $15.00 price objective (down from $16.00) on shares of Goldcorp in a research note on Sunday, June 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Goldcorp in a research note on Wednesday, June 21st. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $17.00 price objective on shares of Goldcorp in a research note on Thursday, June 15th. Finally, TD Securities reaffirmed a “buy” rating on shares of Goldcorp in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Goldcorp has a consensus rating of “Hold” and an average price target of $17.75.
Goldcorp (NYSE GG) traded down 1.47% on Tuesday, reaching $12.72. 4,942,877 shares of the company’s stock were exchanged. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 43.56 and a beta of 0.02. The stock’s 50 day moving average is $13.63 and its 200 day moving average is $14.62. Goldcorp has a 52 week low of $11.91 and a 52 week high of $20.38.
The business also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Thursday, June 15th were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.08 annualized dividend and a yield of 0.63%. Goldcorp’s dividend payout ratio (DPR) is currently 26.67%.
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A number of large investors have recently made changes to their positions in GG. GSA Capital Partners LLP bought a new stake in shares of Goldcorp during the fourth quarter valued at about $137,000. Renaissance Technologies LLC bought a new stake in shares of Goldcorp during the fourth quarter valued at about $17,979,000. Cidel Asset Management Inc. increased its stake in shares of Goldcorp by 17.7% in the first quarter. Cidel Asset Management Inc. now owns 3,318,517 shares of the basic materials company’s stock valued at $46,174,000 after buying an additional 498,751 shares during the period. Alliancebernstein L.P. increased its stake in shares of Goldcorp by 0.8% in the first quarter. Alliancebernstein L.P. now owns 2,323,040 shares of the basic materials company’s stock valued at $33,893,000 after buying an additional 17,312 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Goldcorp by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,030,884 shares of the basic materials company’s stock valued at $41,220,000 after buying an additional 236,271 shares during the period. Institutional investors and hedge funds own 56.85% of the company’s stock.
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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