FY2017 EPS Estimates for Goldcorp Inc. Lifted by National Bank Financial (GG)

Goldcorp Inc. (NYSE:GG) (TSE:G) – Investment analysts at National Bank Financial upped their FY2017 earnings per share estimates for Goldcorp in a research report issued on Thursday. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings of $0.40 per share for the year, up from their previous estimate of $0.32. National Bank Financial has a “Outperform” rating on the stock.

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Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada set a $15.00 target price on shares of Goldcorp and gave the stock a “hold” rating in a research note on Monday, October 23rd. Jefferies Group LLC set a $13.00 target price on shares of Goldcorp and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. BidaskClub downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, HC Wainwright reiterated a “buy” rating on shares of Goldcorp in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.66.

Goldcorp (GG) opened at 13.10 on Monday. The firm has a market cap of $11.33 billion, a PE ratio of 24.04 and a beta of -0.07. The stock has a 50 day moving average price of $13.17 and a 200 day moving average price of $13.46. Goldcorp has a one year low of $11.91 and a one year high of $17.87.

A number of large investors have recently made changes to their positions in GG. Majedie Asset Management Ltd lifted its position in Goldcorp by 246.3% in the second quarter. Majedie Asset Management Ltd now owns 8,195,649 shares of the basic materials company’s stock valued at $105,806,000 after purchasing an additional 5,828,676 shares during the period. CIBC World Markets Inc. lifted its position in Goldcorp by 91.2% in the second quarter. CIBC World Markets Inc. now owns 10,717,490 shares of the basic materials company’s stock valued at $138,363,000 after purchasing an additional 5,112,943 shares during the period. Greystone Managed Investments Inc. acquired a new stake in Goldcorp in the second quarter valued at about $26,496,000. Renaissance Technologies LLC acquired a new stake in Goldcorp in the second quarter valued at about $21,450,000. Finally, First Eagle Investment Management LLC lifted its position in Goldcorp by 4.9% in the second quarter. First Eagle Investment Management LLC now owns 34,814,349 shares of the basic materials company’s stock valued at $449,453,000 after purchasing an additional 1,628,150 shares during the period. Hedge funds and other institutional investors own 53.78% of the company’s stock.

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.

Earnings History and Estimates for Goldcorp (NYSE:GG)

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