Equities analysts predict that Goldcorp Inc. (NYSE:GG) (TSE:G) will report earnings per share (EPS) of $0.09 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Goldcorp’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.12. Goldcorp reported earnings per share of $0.11 during the same quarter last year, which indicates a negative year over year growth rate of 18.2%. The company is scheduled to announce its next earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Goldcorp will report full-year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.47. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.48 per share, with EPS estimates ranging from $0.20 to $0.66. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Goldcorp.
GG has been the topic of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating and set a $19.00 price target on shares of Goldcorp in a research report on Thursday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $17.00 price target on shares of Goldcorp in a research report on Monday, May 1st. Macquarie raised Goldcorp from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered Goldcorp from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Finally, TD Securities reaffirmed a “buy” rating on shares of Goldcorp in a research report on Thursday, June 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.08.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Goldcorp by 5.6% in the first quarter. Van ECK Associates Corp now owns 58,304,591 shares of the basic materials company’s stock worth $850,663,000 after buying an additional 3,112,702 shares during the last quarter. First Eagle Investment Management LLC increased 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 worth $449,453,000 after buying an additional 1,628,150 shares in the last quarter. Vanguard Group Inc. increased its position in Goldcorp by 4.4% in the first quarter. Vanguard Group Inc. now owns 19,361,683 shares of the basic materials company’s stock worth $282,487,000 after buying an additional 814,810 shares in the last quarter. FMR LLC increased its position in Goldcorp by 163.8% in the first quarter. FMR LLC now owns 17,612,338 shares of the basic materials company’s stock worth $256,931,000 after buying an additional 10,937,064 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in Goldcorp by 4.3% in the first quarter. TD Asset Management Inc. now owns 16,363,749 shares of the basic materials company’s stock worth $238,040,000 after buying an additional 681,367 shares in the last quarter. Institutional investors and hedge funds own 56.82% of the company’s stock.
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Goldcorp (NYSE:GG) opened at 13.03 on Friday. Goldcorp has a 52 week low of $11.91 and a 52 week high of $19.34. The company has a 50-day moving average price of $13.09 and a 200-day moving average price of $14.46. The stock has a market cap of $11.27 billion, a PE ratio of 23.91 and a beta of 0.02.
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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