Q4 2019 EPS Estimates for Goldcorp Inc. (G) Cut by Analyst

Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities researchers at Desjardins decreased their Q4 2019 earnings per share estimates for shares of Goldcorp in a research note issued to investors on Friday, April 12th. Desjardins analyst J. Wolfson now expects that the company will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.16. Desjardins also issued estimates for Goldcorp’s FY2020 earnings at $0.64 EPS.

A number of other equities analysts have also weighed in on the stock. Cormark boosted their price objective on shares of Goldcorp from C$14.00 to C$14.35 in a report on Tuesday, January 29th. Canaccord Genuity decreased their price objective on shares of Goldcorp from C$21.50 to C$18.50 in a report on Tuesday, January 15th. Finally, National Bank Financial decreased their price objective on shares of Goldcorp from C$14.76 to C$14.47 in a report on Thursday, March 21st.



Shares of G opened at C$15.50 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.44 and a debt-to-equity ratio of 31.44. Goldcorp has a 52 week low of C$11.00 and a 52 week high of C$18.78. The company has a market capitalization of $13.30 billion and a PE ratio of -3.25.

Goldcorp (TSE:G) (NYSE:GG) last issued its quarterly earnings results on Wednesday, February 13th. The company reported C$0.09 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.06. The company had revenue of C$1.02 billion during the quarter, compared to the consensus estimate of C$1.13 billion.

In other news, Senior Officer Anna Maria Tudela sold 2,725 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of C$14.87, for a total transaction of C$40,520.75. Following the completion of the sale, the insider now owns 22,429 shares of the company’s stock, valued at approximately C$333,519.23. Also, Director Kenneth Frank Williamson sold 5,500 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of C$15.15, for a total transaction of C$83,341.50. Following the sale, the director now directly owns 75,861 shares of the company’s stock, valued at approximately C$1,149,521.73. In the last three months, insiders have sold 26,863 shares of company stock valued at $405,045.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders 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 0.52%. The ex-dividend date was Wednesday, March 13th. Goldcorp’s payout ratio is -1.68%.

About Goldcorp

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 (TSE:G)

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