Analysts Expect Goldcorp Inc. (GG) to Post $0.05 EPS

Equities research analysts predict that Goldcorp Inc. (NYSE:GG) (TSE:G) will report earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Goldcorp’s earnings, with estimates ranging from $0.02 to $0.08. Goldcorp reported earnings of $0.08 per share during the same quarter last year, which would indicate a negative year over year growth rate of 37.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that Goldcorp will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.53. For the next financial year, analysts forecast that the company will report earnings of $0.46 per share, with EPS estimates ranging from $0.22 to $0.74. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Goldcorp.

Goldcorp (NYSE:GG) (TSE:G) last released its earnings results on Wednesday, February 13th. The basic materials company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The company had revenue of $772.00 million during the quarter, compared to the consensus estimate of $853.36 million. Goldcorp had a negative net margin of 136.84% and a positive return on equity of 0.86%.



Several equities research analysts have recently weighed in on GG shares. UBS Group started coverage on shares of Goldcorp in a research report on Friday, January 4th. They issued a “buy” rating and a $12.00 target price for the company. Vertical Research downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Deutsche Bank dropped their target price on shares of Goldcorp from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Cormark reissued a “hold” rating on shares of Goldcorp in a research report on Tuesday, January 29th. Finally, Raymond James reissued a “market perform” rating and issued a $14.00 target price on shares of Goldcorp in a research report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.13.

Several large investors have recently made changes to their positions in the stock. Havens Advisors LLC bought a new stake in shares of Goldcorp during the 1st quarter valued at about $1,544,000. Hexavest Inc. lifted its holdings in Goldcorp by 31.1% in the first quarter. Hexavest Inc. now owns 1,474,225 shares of the basic materials company’s stock valued at $16,866,000 after acquiring an additional 349,321 shares during the period. Norges Bank bought a new position in Goldcorp in the fourth quarter valued at about $60,785,000. Archetype Wealth Partners LLC bought a new position in Goldcorp in the fourth quarter valued at about $174,000. Finally, FMR LLC lifted its holdings in Goldcorp by 2.7% in the fourth quarter. FMR LLC now owns 3,770,069 shares of the basic materials company’s stock valued at $36,922,000 after acquiring an additional 97,471 shares during the period. 55.56% of the stock is owned by institutional investors and hedge funds.

Shares of GG traded down $0.01 during midday trading on Wednesday, hitting $11.60. The company had a trading volume of 10,463,587 shares, compared to its average volume of 20,601,080. The company has a market capitalization of $10.03 billion, a P/E ratio of 165.71 and a beta of 0.25. Goldcorp has a 52 week low of $8.42 and a 52 week high of $14.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.47 and a current ratio of 0.87.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 14th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Wednesday, March 13th. Goldcorp’s dividend payout ratio is presently 114.29%.

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. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its 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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Earnings History and Estimates for Goldcorp (NYSE:GG)

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