Goldcorp (G) PT Raised to C$21.50

Galtero Lara
Enero 22, 2018

Parkin now anticipates that the company will post earnings of $0.31 per share for the year, down from their previous forecast of $0.37. The stock now has a consensus rating of Hold and an average price target of $17.19.

Several other equities research analysts have also recently issued reports on G. HSBC cut shares of Goldcorp from a buy rating to a hold rating and set a $14.80 target price on the a research note on Wednesday, November 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. CSFB upgraded shares of Goldcorp from a neutral rating to an outperform rating and lifted their price objective for the company from C$15.50 to C$19.00 in a research report on Tuesday, January 16th. Finally, Eight Capital reiterated a buy rating on shares of Goldcorp in a research report on Thursday, November 16th. Finally, BMO Capital Markets set a C$16.00 target price on shares of Goldcorp and gave the company a "market perform" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company now has an average rating of "Buy" and an average price target of $17.39.

Shares of Goldcorp (TSE:G) opened at C$17.91 on Wednesday. The firm has a market capitalization of $11.17 billion, a P/E ratio of 44.69 and a beta of 0.02. Goldcorp has a 52 week low of $11.91 and a 52 week high of $19.35.

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Goldcorp (TSE:G) (NYSE:GG) last issued its quarterly earnings results on Wednesday, October 25th. The company reported C$0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.11. Goldcorp had a net margin of 7.31% and a return on equity of 2.72%.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Thursday, December 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.45%. Goldcorp's dividend payout ratio (DPR) is now 10.67%. The stock was sold at an average price of C$16.82, for a total transaction of C$33,640.00. The shares were acquired at an average cost of C$13.45 per share, with a total value of C$96,167.50. Insiders sold 6,589 shares of company stock worth $106,887 in the last 90 days. If you are reading this piece of content on another publication, it was stolen and republished in violation of US and global copyright law.

Goldcorp Inc. acquires, explores for, develops, and operates 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 companyÂ's principal producing mining properties include the Red Lake, Porcupine, Musselwhite, and Éléonore 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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