Goldcorp’s (G) Hold Rating Reiterated at Desjardins

Desjardins reaffirmed their hold rating on shares of Goldcorp (TSE:G) (NYSE:GG) in a report issued on Monday. Desjardins also issued estimates for Goldcorp’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.64 EPS, Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.69 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS, FY2019 earnings at $1.10 EPS, FY2020 earnings at $0.91 EPS and FY2021 earnings at $0.76 EPS.

G has been the subject of several other reports. Royal Bank of Canada raised shares of Goldcorp from a sector perform rating to an outperform rating and upped their price objective for the company from C$15.00 to C$18.00 in a research note on Wednesday, November 1st. Eight Capital reaffirmed a buy rating on shares of Goldcorp in a research note on Thursday, November 16th. Scotiabank lowered their price objective on shares of Goldcorp to C$22.00 and set an outperform rating for the company in a research note on Tuesday, October 31st. CIBC downgraded shares of Goldcorp from a buy rating to a sell rating in a research note on Thursday, November 30th. Finally, Canaccord Genuity increased their price target on shares of Goldcorp from C$21.00 to C$21.50 in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$22.35.

Shares of Goldcorp (TSE G) opened at C$15.83 on Monday. Goldcorp has a one year low of C$15.00 and a one year high of C$23.35.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, December 13th. Goldcorp’s payout ratio is 10.39%.

In related news, insider Russell David Ball sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of C$16.82, for a total value of C$33,640.00. Also, Director De La Vega Blanca Treviño bought 7,150 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average price of C$13.45 per share, for a total transaction of C$96,167.50. In the last quarter, insiders have sold 6,589 shares of company stock worth $106,887.

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About Goldcorp

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.

Analyst Recommendations for Goldcorp (TSE:G)

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