Goldcorp PT Lowered to $47.50 (GG)
Shares of Goldcorp (NYSE: GG) traded up 0.25% during mid-day trading on Monday, hitting $32.52. Goldcorp has a one year low of $31.54 and a one year high of $47.42. The stock’s 50-day moving average is currently $33.94. The company has a market cap of $26.406 billion and a P/E ratio of 16.62.
Goldcorp (NYSE: GG) last issued its quarterly earnings data on Thursday, February 14th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts expect that Goldcorp will post $2.07 EPS for the current fiscal year.
GG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Goldcorp in a research note to investors on Wednesday, March 13th. They now have a $35.00 price target on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Goldcorp in a research note to investors on Tuesday, March 12th. Finally, analysts at TD Securities cut their price target on shares of Goldcorp from $50.00 to $47.00 in a research note to investors on Monday, March 11th. They now have a “buy” rating on the stock.
Seventeen investment analysts have rated the stock with a buy rating, two have assigned an overweight rating, and seven have issued a hold rating to the company. Goldcorp has an average rating of “overweight” and a consensus target price of $48.93.
The company also recently declared a monthly dividend, which is scheduled for Friday, March 22nd. Shareholders of record on Thursday, March 14th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, March 12th.
Goldcorp Inc. (Goldcorp) 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.