Investment analysts at TD Securities dropped their target price on shares of Goldcorp (NYSE: GG)
Goldcorp traded down 0.77% on Monday, hitting $32.37. Goldcorp has a 1-year low of $31.54 and a 1-year high of $47.42. The stock?s 50-day moving average is currently $34.40. The company has a market cap of $26.284 billion and a price-to-earnings ratio of 16.71.
Goldcorp last issued its quarterly earnings data on Thursday, February 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.66 earnings per share. The company?s revenue for the quarter was down 5.3% on a year-over-year basis. On average, analysts predict that Goldcorp will post $2.09 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GG. Analysts at TheStreet reiterated a ?hold? rating on shares of Goldcorp in a research note to investors on Thursday, February 28th. Separately, analysts at Scotiabank reiterated a ?sector outperform? rating on shares of Goldcorp in a research note to investors on Wednesday, February 20th. They now have a $51.00 price target on the stock. Finally, analysts at RBC Capital reiterated an ?outperform? rating on shares of Goldcorp in a research note to investors on Wednesday, February 20th. They now have a $49.00 price target on the stock. Seventeen investment analysts have rated the stock with a buy rating, two have given an overweight rating, and seven have issued a hold rating to the company?s stock. The stock currently has an average rating of ?overweight? and an average price target of $49.25.
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.