Goldcorp (NYSE:GG) (TSE:G) had its price target reduced by Raymond James from $18.00 to $17.00 in a research report report published on Thursday. They currently have a market perform rating on the basic materials company’s stock.

A number of other research firms have also recently issued reports on GG. ValuEngine upgraded shares of Goldcorp from a sell rating to a hold rating in a research note on Saturday, June 2nd. Zacks Investment Research cut shares of Goldcorp from a hold rating to a sell rating in a research note on Tuesday, July 3rd. Scotiabank reiterated a buy rating and issued a $17.00 target price on shares of Goldcorp in a research note on Friday, July 27th. Jefferies Financial Group reiterated a hold rating and issued a $13.00 target price on shares of Goldcorp in a research note on Monday, August 6th. Finally, TheStreet cut shares of Goldcorp from a b- rating to a c+ rating in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $16.71.

NYSE:GG opened at $10.60 on Thursday. Goldcorp has a 1 year low of $9.89 and a 1 year high of $15.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.57. The company has a market capitalization of $9.21 billion, a PE ratio of 33.13, a PEG ratio of 4.12 and a beta of -0.14.

Goldcorp (NYSE:GG) (TSE:G) last posted its earnings results on Wednesday, July 25th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Goldcorp had a net margin of 8.61% and a return on equity of 1.97%. The firm had revenue of $793.00 million during the quarter, compared to the consensus estimate of $871.54 million. During the same quarter last year, the firm posted $0.16 EPS. sell-side analysts anticipate that Goldcorp will post 0.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Thursday, September 13th were issued a $0.02 dividend. The ex-dividend date was Wednesday, September 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Goldcorp’s previous quarterly dividend of $0.02. Goldcorp’s dividend payout ratio (DPR) is currently 20.00%.

Institutional investors have recently modified their holdings of the stock. US Bancorp DE increased its holdings in shares of Goldcorp by 53.4% in the second quarter. US Bancorp DE now owns 96,119 shares of the basic materials company’s stock valued at $1,318,000 after purchasing an additional 33,463 shares in the last quarter. Boston Partners acquired a new stake in shares of Goldcorp in the second quarter valued at approximately $174,000. Highstreet Asset Management Inc. increased its holdings in shares of Goldcorp by 56.2% in the second quarter. Highstreet Asset Management Inc. now owns 274,553 shares of the basic materials company’s stock valued at $3,770,000 after purchasing an additional 98,813 shares in the last quarter. Unigestion Holding SA acquired a new stake in shares of Goldcorp in the second quarter valued at approximately $5,042,000. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of Goldcorp by 5.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 3,667,525 shares of the basic materials company’s stock valued at $50,282,000 after purchasing an additional 186,989 shares in the last quarter. 53.88% of the stock is owned by institutional investors and hedge funds.

About Goldcorp

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's 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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Analyst Recommendations for Goldcorp (NYSE:GG)

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