FY2018 Earnings Forecast for Goldcorp Inc. Issued By Jefferies Group (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Analysts at Jefferies Group boosted their FY2018 EPS estimates for shares of Goldcorp in a research report issued on Friday. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $0.68 per share for the year, up from their prior forecast of $0.66. Jefferies Group also issued estimates for Goldcorp’s FY2020 earnings at $0.99 EPS.

Several other equities research analysts have also commented on G. Desjardins restated a “hold” rating on shares of Goldcorp in a research report on Monday, December 11th. CIBC lowered shares of Goldcorp from a “buy” rating to a “sell” rating in a research report on Thursday, November 30th. Eight Capital restated a “buy” rating on shares of Goldcorp in a research report on Thursday, November 16th. JPMorgan Chase & Co. boosted their target price on shares of Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Finally, Royal Bank of Canada upgraded shares of Goldcorp from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Goldcorp has a consensus rating of “Buy” and an average price target of C$22.35.

Goldcorp (G) traded up C$0.42 during trading hours on Monday, reaching C$17.28. 2,889,390 shares of the company were exchanged, compared to its average volume of 2,222,402. Goldcorp has a 1 year low of C$15.00 and a 1 year high of C$23.35. The stock has a market cap of $14,950.00, a price-to-earnings ratio of 23.04 and a beta of -0.53.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 22nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Wednesday, December 13th. Goldcorp’s dividend payout ratio (DPR) is presently 10.67%.

In other news, Director De La Vega Blanca Treviño purchased 7,150 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average price of C$13.45 per share, with a total value of C$96,167.50. Also, insider Russell David Ball sold 2,000 shares of Goldcorp stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of C$16.82, for a total value of C$33,640.00. Insiders have sold a total of 6,589 shares of company stock valued at $106,887 in the last ninety days.

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About Goldcorp

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 (TSE:G)

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