Goldcorp Inc. (G) to Post Q1 2018 Earnings of $0.16 Per Share, Jefferies Group Forecasts

Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Goldcorp in a note issued to investors on Tuesday, April 17th, Zacks Investment Research reports. Jefferies Group analyst C. Lafemina anticipates that the company will post earnings per share of $0.16 for the quarter.

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Goldcorp (TSE:G) (NYSE:GG) last posted its earnings results on Wednesday, February 14th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.01). Goldcorp had a return on equity of 6.90% and a net margin of 28.37%. The business had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$1.10 billion.



G has been the subject of several other reports. National Bank Financial decreased their price target on shares of Goldcorp from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Canaccord Genuity raised shares of Goldcorp from a “hold” rating to a “buy” rating and raised their price target for the stock from C$21.50 to C$25.00 in a research note on Monday. BMO Capital Markets set a C$16.00 price target on shares of Goldcorp and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. Finally, CSFB raised shares of Goldcorp from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$15.50 to C$19.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Goldcorp presently has a consensus rating of “Buy” and a consensus target price of C$21.58.

TSE G opened at C$18.41 on Wednesday. Goldcorp has a 52-week low of C$15.00 and a 52-week high of C$19.94.

In other news, Director David Garofalo sold 37,607 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of C$16.78, for a total value of C$631,045.46. Also, Director Charles Rex Sartain sold 4,550 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$16.61, for a total value of C$75,575.50. In the last three months, insiders sold 54,997 shares of company stock valued at $915,988.

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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.

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Earnings History and Estimates for Goldcorp (TSE:G)

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