Goldcorp Inc. (NYSE:GG) (TSE:G) – Stock analysts at Cormark decreased their Q3 2017 earnings per share (EPS) estimates for Goldcorp in a note issued to investors on Monday. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.12.

GG has been the topic of a number of other reports. Royal Bank Of Canada reduced their price objective on shares of Goldcorp from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 15th. Morgan Stanley reissued an “overweight” rating on shares of Goldcorp in a research report on Friday, July 21st. TD Securities reduced their price objective on shares of Goldcorp from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Canaccord Genuity raised shares of Goldcorp from a “hold” rating to a “buy” rating and set a $16.90 price objective on the stock in a research report on Friday, September 29th. Finally, National Bank Financial lowered shares of Goldcorp from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.66.

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Shares of Goldcorp (NYSE GG) opened at 13.06 on Tuesday. Goldcorp has a 1-year low of $11.91 and a 1-year high of $17.87. The company has a 50 day moving average price of $13.34 and a 200 day moving average price of $13.56. The company has a market capitalization of $11.30 billion, a PE ratio of 23.96 and a beta of -0.07.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, September 14th were paid a $0.02 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.61%. Goldcorp’s dividend payout ratio is currently 14.55%.

Hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC boosted its stake in shares of Goldcorp by 4.9% during 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 in the last quarter. Carmignac Gestion boosted its stake in shares of Goldcorp by 4.1% during the second quarter. Carmignac Gestion now owns 27,336,612 shares of the basic materials company’s stock valued at $352,916,000 after purchasing an additional 1,082,557 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Goldcorp by 4.1% during the second quarter. Vanguard Group Inc. now owns 20,163,542 shares of the basic materials company’s stock valued at $260,311,000 after purchasing an additional 801,859 shares in the last quarter. CIBC World Markets Inc. boosted its stake in shares of Goldcorp by 91.2% during 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 in the last quarter. Finally, Majedie Asset Management Ltd boosted its stake in shares of Goldcorp by 246.3% during 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 in the last quarter. Institutional investors and hedge funds own 53.96% of the company’s stock.

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 (NYSE:GG)

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