FY2019 EPS Estimates for Goldcorp Inc. Reduced by Analyst (G)
Goldcorp Inc. (TSE:G) (NYSE:GG) – Analysts at Desjardins decreased their FY2019 earnings estimates for Goldcorp in a report issued on Monday. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of $0.87 for the year, down from their prior estimate of $0.88. Desjardins has a “Hold” rating on the stock.
G has been the topic of several other reports. Royal Bank of Canada raised shares of Goldcorp from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$15.00 to C$18.00 in a research note on Wednesday, November 1st. Eight Capital reaffirmed a “buy” rating on shares of Goldcorp in a research note on Thursday, November 16th. Scotiabank decreased their target price on shares of Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. CIBC downgraded shares of Goldcorp from a “buy” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Canaccord Genuity lifted their target price on shares of Goldcorp from C$21.00 to C$21.50 in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$21.26.
In related news, Director De La Vega Blanca Treviño acquired 7,150 shares of Goldcorp stock in a transaction on Friday, November 17th. The shares were acquired at an average cost of C$13.45 per share, with a total value of C$96,167.50.
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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