Shares of Goldcorp Inc. (NYSE:GG) (TSE:G) have earned a consensus recommendation of “Buy” from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $14.93.
Several research analysts have weighed in on GG shares. ValuEngine lowered Goldcorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Credit Suisse Group restated an “outperform” rating on shares of Goldcorp in a report on Monday, September 10th. JPMorgan Chase & Co. cut their price target on Goldcorp from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, September 17th. Royal Bank of Canada restated a “buy” rating and issued a $16.00 price target on shares of Goldcorp in a report on Wednesday, September 19th. Finally, Raymond James lowered their target price on Goldcorp from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, September 20th.
GG stock traded down $0.07 during midday trading on Tuesday, hitting $9.67. 7,666,736 shares of the company’s stock were exchanged, compared to its average volume of 8,886,518. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 0.18. The firm has a market cap of $8.41 billion, a PE ratio of 24.18, a P/E/G ratio of 18.29 and a beta of 0.15. Goldcorp has a one year low of $8.42 and a one year high of $15.55.
Goldcorp (NYSE:GG) (TSE:G) last posted its earnings results on Wednesday, October 24th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.06). The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $714.46 million. Goldcorp had a return on equity of 0.97% and a net margin of 2.47%. On average, analysts forecast that Goldcorp will post 0.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Thursday, December 13th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, December 12th. Goldcorp’s dividend payout ratio (DPR) is presently 20.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Candriam Luxembourg S.C.A. boosted its holdings in shares of Goldcorp by 1.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 467,434 shares of the basic materials company’s stock worth $4,760,000 after acquiring an additional 5,711 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Goldcorp by 1.7% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 355,892 shares of the basic materials company’s stock valued at $3,618,000 after buying an additional 6,035 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Goldcorp by 10.4% in the third quarter. Neuberger Berman Group LLC now owns 65,744 shares of the basic materials company’s stock valued at $670,000 after buying an additional 6,178 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Goldcorp by 77.7% in the third quarter. D.A. Davidson & CO. now owns 20,243 shares of the basic materials company’s stock valued at $206,000 after buying an additional 8,852 shares during the period. Finally, AXA boosted its stake in shares of Goldcorp by 5.7% in the third quarter. AXA now owns 170,319 shares of the basic materials company’s stock valued at $1,737,000 after buying an additional 9,237 shares during the period. 54.94% of the stock is currently owned by hedge funds and other institutional investors.
Goldcorp Company Profile
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company’s principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.
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