$0.09 EPS Expected for Goldcorp Inc. (GG) This Quarter
Wall Street analysts expect Goldcorp Inc. (NYSE:GG) (TSE:G) to post $0.09 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Goldcorp’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.03. Goldcorp posted earnings of $0.12 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The firm is scheduled to issue its next earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Goldcorp will report full year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.47. For the next financial year, analysts expect that the firm will post earnings of $0.49 per share, with EPS estimates ranging from $0.28 to $0.64. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Goldcorp.
GG has been the subject of a number of research reports. Zacks Investment Research lowered Goldcorp from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Morgan Stanley reiterated an “overweight” rating on shares of Goldcorp in a report on Friday, July 21st. BidaskClub upgraded Goldcorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. National Bank Financial upgraded Goldcorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 26th. Finally, Scotiabank set a $18.00 price target on Goldcorp and gave the company an “outperform” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Goldcorp has an average rating of “Hold” and an average price target of $16.83.
Several institutional investors and hedge funds have recently modified their holdings of GG. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Goldcorp by 55.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 8,400 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 3,000 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Goldcorp during the 3rd quarter valued at $137,000. Highlander Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 500 shares during the last quarter. First Allied Advisory Services Inc. purchased a new stake in shares of Goldcorp during the 2nd quarter valued at $155,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Goldcorp during the 2nd quarter valued at $161,000. Hedge funds and other institutional investors own 54.77% of the company’s stock.
Shares of Goldcorp (NYSE GG) opened at $13.26 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $11,487.75, a P/E ratio of 25.00, a P/E/G ratio of 3.33 and a beta of -0.07. Goldcorp has a twelve month low of $11.91 and a twelve month high of $17.87.
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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