Analysts Expect Goldcorp Inc. (GG) to Announce $0.09 EPS
Wall Street brokerages expect that Goldcorp Inc. (NYSE:GG) (TSE:G) will post $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Goldcorp’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.12. Goldcorp reported earnings of $0.11 per share in the same quarter last year, which would suggest a negative year over year growth rate of 18.2%. The firm is expected to report its next earnings report on Wednesday, October 25th.
On average, analysts expect that Goldcorp will report full-year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.30 to $0.47. For the next financial year, analysts forecast that the business will post earnings of $0.48 per share, with EPS estimates ranging from $0.20 to $0.64. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Goldcorp.
Several brokerages have recently commented on GG. Deutsche Bank AG reaffirmed a “hold” rating and set a $15.00 price objective (down previously from $16.00) on shares of Goldcorp in a research report on Sunday, June 25th. Scotiabank set a $18.00 price objective on shares of Goldcorp and gave the stock an “outperform” rating in a research report on Thursday, July 27th. National Bank Financial downgraded shares of Goldcorp from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 24th. Royal Bank Of Canada set a $17.00 price objective on shares of Goldcorp and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Finally, BidaskClub raised shares of Goldcorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.64.
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Shares of Goldcorp (GG) opened at 13.25 on Friday. Goldcorp has a 12 month low of $11.91 and a 12 month high of $17.87. The stock has a market cap of $11.46 billion, a PE ratio of 24.31 and a beta of -0.02. The firm has a 50-day moving average price of $13.23 and a 200-day moving average price of $13.90.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, September 13th. Goldcorp’s dividend payout ratio (DPR) is presently 14.55%.
A number of large investors have recently modified their holdings of the business. First Interstate Bank lifted its stake in Goldcorp by 1.2% during the 1st quarter. First Interstate Bank now owns 12,750 shares of the basic materials company’s stock valued at $186,000 after acquiring an additional 150 shares in the last quarter. Lowe Wealth Advisors LLC raised its stake in shares of Goldcorp by 0.4% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 68,067 shares of the basic materials company’s stock worth $879,000 after purchasing an additional 272 shares during the period. Moors & Cabot Inc. raised its stake in shares of Goldcorp by 1.1% during the 2nd quarter. Moors & Cabot Inc. now owns 24,454 shares of the basic materials company’s stock worth $313,000 after purchasing an additional 275 shares during the period. Lehman Financial Resources Inc. raised its stake in shares of Goldcorp by 0.4% during the 2nd quarter. Lehman Financial Resources Inc. now owns 68,701 shares of the basic materials company’s stock worth $891,000 after purchasing an additional 300 shares during the period. Finally, Boyer & Corporon Wealth Management LLC raised its stake in shares of Goldcorp by 2.1% during the 2nd quarter. Boyer & Corporon Wealth Management LLC now owns 19,429 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 53.99% 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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