Goldcorp Inc. (TSE:G) (NYSE:GG) – Stock analysts at Jefferies Group cut their FY2017 earnings estimates for Goldcorp in a research note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings of $0.48 per share for the year, down from their prior forecast of $0.50. Jefferies Group also issued estimates for Goldcorp’s FY2018 earnings at $0.58 EPS, FY2019 earnings at $0.80 EPS and FY2020 earnings at $0.95 EPS.

Several other research analysts have also commented on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of Goldcorp in a report on Monday, April 24th. National Bank Financial reissued a “sec perform spec market wgt” rating on shares of Goldcorp in a report on Sunday, July 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$22.92.

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Shares of Goldcorp (TSE G) traded up 1.24% during midday trading on Friday, reaching $16.27. 1,394,394 shares of the company’s stock were exchanged. Goldcorp has a 12 month low of $15.95 and a 12 month high of $25.17. The firm has a 50 day moving average price of $17.14 and a 200 day moving average price of $19.35. The company has a market cap of $13.93 billion and a P/E ratio of 55.72.

In other news, insider Lincoln Schreiner bought 3,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of C$14.21 per share, with a total value of C$42,630.00. Also, insider Brent Bergeron sold 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of C$18.90, for a total value of C$149,310.00. Insiders have bought 5,894 shares of company stock valued at $85,855 in the last three months.

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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