Goldcorp Inc. (TSE:G) (NYSE:GG) – Analysts at Cormark upped their FY2017 earnings per share (EPS) estimates for Goldcorp in a research note issued to investors on Monday. Cormark analyst R. Gray now expects that the company will post earnings of $0.60 per share for the year, up from their previous forecast of $0.56.
G has been the topic of several other research reports. National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating and set a C$24.00 price target on the stock in a report on Thursday, October 26th. Canaccord Genuity raised their price target on Goldcorp from C$21.00 to C$21.50 in a report on Thursday, October 26th. Eight Capital reaffirmed a “buy” rating on shares of Goldcorp in a report on Thursday, November 16th. JPMorgan Chase & Co. increased their price objective on Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Finally, Desjardins reiterated a “hold” rating on shares of Goldcorp in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Goldcorp currently has a consensus rating of “Buy” and an average target price of C$22.35.
In other news, Director De La Vega Blanca Treviño bought 7,150 shares of the stock in a transaction dated Friday, November 17th. The stock was bought at an average price of C$13.45 per share, for a total transaction of C$96,167.50. Also, insider Russell David Ball sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of C$16.82, for a total value of C$33,640.00. In the last quarter, insiders sold 6,589 shares of company stock valued at $106,887.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 22nd 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 annualized dividend and a yield of 0.47%. Goldcorp’s payout ratio is 10.67%.
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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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