Jefferies Group Weighs in on Goldcorp Inc.’s Q3 2016 Earnings (G)
Goldcorp Inc. (TSE:G) – Stock analysts at Jefferies Group lowered their Q3 2016 EPS estimates for shares of Goldcorp in a report issued on Friday. Jefferies Group analyst C. Lafemina now forecasts that the brokerage will earn $0.17 per share for the quarter, down from their previous estimate of $0.19. Jefferies Group also issued estimates for Goldcorp’s FY2016 earnings at $0.42 EPS.
G has been the subject of several other reports. Canaccord Genuity lifted their price objective on Goldcorp from C$26.50 to C$30.00 in a research report on Tuesday, July 12th. Desjardins upgraded Goldcorp from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. Royal Bank Of Canada restated an “underperform” rating and set a C$22.00 price objective on shares of Goldcorp in a research report on Thursday, June 23rd. TD Securities restated a “hold” rating and set a C$23.00 price objective on shares of Goldcorp in a research report on Friday, July 22nd. Finally, National Bank Financial restated an “outperform” rating and set a C$25.50 price objective on shares of Goldcorp in a research report on Thursday, September 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$24.33.
Goldcorp (TSE:G) opened at 18.81 on Monday. The stock’s market capitalization is $16.04 billion. Goldcorp has a 12 month low of $13.55 and a 12 month high of $26.56. The company has a 50-day moving average price of $20.62 and a 200 day moving average price of $22.62.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 23rd were paid a $0.02 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.08 annualized dividend and a yield of 0.43%.
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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