National Bank Financial Comments on Goldcorp Inc.’s Q3 2016 Earnings (G)

Goldcorp Inc. (TSE:G) – Research analysts at National Bank Financial cut their Q3 2016 earnings estimates for shares of Goldcorp in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the firm will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.09. National Bank Financial has a “Outperform” rating and a $25.50 price objective on the stock. National Bank Financial also issued estimates for Goldcorp’s FY2016 earnings at $0.24 EPS and FY2017 earnings at $0.47 EPS.

Earnings History and Estimates for Goldcorp (TSE:G)

Several other equities analysts have also issued reports on the company. TD Securities decreased their target price on Goldcorp from C$23.00 to C$21.00 and set a “hold” rating on the stock in a research note on Wednesday, August 3rd. Desjardins raised Goldcorp from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. Royal Bank Of Canada reissued an “underperform” rating and set a C$22.00 target price on shares of Goldcorp in a research note on Thursday, June 23rd. Finally, Canaccord Genuity increased their target price on Goldcorp from C$26.50 to C$30.00 in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Goldcorp has a consensus rating of “Hold” and a consensus target price of C$24.33.

Shares of Goldcorp (TSE:G) traded down 2.53% during midday trading on Friday, hitting $18.90. The stock had a trading volume of 1,259,714 shares. Goldcorp has a one year low of $13.55 and a one year high of $26.56. The stock’s market cap is $16.12 billion. The firm has a 50 day moving average price of $20.68 and a 200 day moving average price of $22.63.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Tuesday, September 13th.

Goldcorp Company Profile

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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