Wall Street analysts predict that Goldcorp Inc. (NYSE:GG) (TSE:G) will post earnings of $0.02 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Goldcorp’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.01). Goldcorp reported earnings of $0.10 per share in the same quarter last year, which would indicate a negative year over year growth rate of 80%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 13th.
On average, analysts expect that Goldcorp will report full-year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.07. For the next financial year, analysts forecast that the company will post earnings of $0.31 per share, with EPS estimates ranging from $0.11 to $0.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Goldcorp.
Goldcorp (NYSE:GG) (TSE:G) last announced its earnings results on Wednesday, October 24th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $714.46 million. Goldcorp had a net margin of 2.47% and a return on equity of 0.97%.
Several analysts have recently commented on GG shares. BMO Capital Markets upgraded Goldcorp from a “market perform” rating to an “outperform” rating and set a $14.79 price objective for the company in a report on Thursday, October 25th. They noted that the move was a valuation call. Scotiabank set a $13.00 price objective on Goldcorp and gave the company a “buy” rating in a report on Friday, October 26th. CIBC upgraded Goldcorp from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 17th. Citigroup lowered Goldcorp from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a report on Tuesday, September 25th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $11.50 price objective on shares of Goldcorp in a report on Monday, October 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Goldcorp presently has an average rating of “Buy” and an average price target of $15.41.
Hedge funds have recently modified their holdings of the stock. Sei Investments Co. grew its holdings in shares of Goldcorp by 1,083.9% in the 2nd quarter. Sei Investments Co. now owns 62,463 shares of the basic materials company’s stock worth $857,000 after purchasing an additional 57,187 shares during the last quarter. BlackRock Inc. grew its holdings in Goldcorp by 5.3% during the 2nd quarter. BlackRock Inc. now owns 1,828,580 shares of the basic materials company’s stock worth $25,070,000 after acquiring an additional 91,351 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Goldcorp by 104.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,030,599 shares of the basic materials company’s stock worth $14,146,000 after acquiring an additional 525,997 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Goldcorp by 29.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,588,942 shares of the basic materials company’s stock worth $62,914,000 after acquiring an additional 1,056,515 shares during the last quarter. Finally, Korea Investment CORP grew its holdings in Goldcorp by 40.7% during the 2nd quarter. Korea Investment CORP now owns 160,650 shares of the basic materials company’s stock worth $2,204,000 after acquiring an additional 46,500 shares during the last quarter. Institutional investors own 54.94% of the company’s stock.
NYSE GG traded up $0.05 during midday trading on Tuesday, hitting $9.69. 3,934,128 shares of the company traded hands, compared to its average volume of 7,632,341. 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 stock has a market capitalization of $8.47 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 3.12 and a beta of 0.02. Goldcorp has a 52 week low of $8.42 and a 52 week high of $15.55.
The company also recently announced a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Thursday, December 13th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, December 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.83%. Goldcorp’s dividend payout ratio (DPR) is 20.00%.
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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