ValuEngine cut shares of Goldcorp (NYSE:GG) (TSE:G) from a sell rating to a strong sell rating in a research note released on Tuesday.

Other research analysts have also issued reports about the stock. Citigroup dropped their price objective on shares of Goldcorp from $16.00 to $14.00 and set a buy rating for the company in a research note on Wednesday, August 29th. TheStreet raised shares of Goldcorp from a c rating to a b- rating in a research note on Tuesday, May 22nd. Jefferies Financial Group reaffirmed a hold rating and set a $13.00 price objective on shares of Goldcorp in a research note on Monday, August 6th. Zacks Investment Research lowered shares of Goldcorp from a hold rating to a sell rating in a research note on Tuesday, July 3rd. Finally, Scotiabank reaffirmed a buy rating and set a $17.00 price objective on shares of Goldcorp in a research note on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Goldcorp has an average rating of Buy and a consensus price target of $17.09.

Shares of GG opened at $10.27 on Tuesday. Goldcorp has a fifty-two week low of $10.02 and a fifty-two week high of $15.55. The firm has a market capitalization of $8.87 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 3.66 and a beta of -0.15. The company has a current ratio of 1.01, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Goldcorp (NYSE:GG) (TSE:G) last announced its quarterly earnings results on Wednesday, July 25th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). Goldcorp had a return on equity of 1.97% and a net margin of 8.61%. The business had revenue of $793.00 million during the quarter, compared to the consensus estimate of $871.54 million. During the same quarter in the prior year, the firm posted $0.16 EPS. analysts anticipate that Goldcorp will post 0.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Thursday, September 13th will be paid a dividend of $0.02 per share. This is a positive change from Goldcorp’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, September 12th. Goldcorp’s payout ratio is currently 20.00%.

Several institutional investors and hedge funds have recently modified their holdings of GG. GoodHaven Capital Management LLC purchased a new stake in shares of Goldcorp during the first quarter valued at $138,000. Boston Partners purchased a new stake in shares of Goldcorp during the second quarter valued at $174,000. Envestnet Asset Management Inc. boosted its stake in shares of Goldcorp by 1,425.4% during the first quarter. Envestnet Asset Management Inc. now owns 13,195 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 12,330 shares during the period. Centaurus Financial Inc. purchased a new stake in shares of Goldcorp during the second quarter valued at $190,000. Finally, Usca Ria LLC purchased a new stake in shares of Goldcorp during the first quarter valued at $231,000. 53.92% of the stock is owned by hedge funds and other institutional investors.

Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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Analyst Recommendations for Goldcorp (NYSE:GG)

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