Equities research analysts forecast that Goldcorp Inc. (NYSE:GG) (TSE:G) will post $0.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Goldcorp’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.11. Goldcorp posted earnings per share of $0.09 in the same quarter last year, which suggests a negative year over year growth rate of 33.3%. The company is expected to issue its next earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Goldcorp will report full-year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.33. For the next year, analysts expect that the firm will report earnings of $0.58 per share, with EPS estimates ranging from $0.31 to $0.84. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Goldcorp.

Goldcorp (NYSE:GG) (TSE:G) last posted its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). Goldcorp had a return on equity of 1.97% and a net margin of 8.61%. The business had revenue of $793.00 million for the quarter, compared to analyst estimates of $871.54 million. During the same quarter last year, the business earned $0.16 EPS.

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $13.00 price objective on shares of Goldcorp in a report on Monday, August 6th. TheStreet cut Goldcorp from a “b-” rating to a “c+” rating in a report on Wednesday, August 1st. Scotiabank restated a “buy” rating and set a $17.00 price objective on shares of Goldcorp in a report on Friday, July 27th. ValuEngine cut Goldcorp from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Finally, Zacks Investment Research cut Goldcorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.35.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its position in Goldcorp by 32.7% in the first quarter. Van ECK Associates Corp now owns 43,761,486 shares of the basic materials company’s stock valued at $604,782,000 after purchasing an additional 10,772,041 shares during the period. Franklin Resources Inc. raised its position in Goldcorp by 232.9% in the first quarter. Franklin Resources Inc. now owns 8,015,471 shares of the basic materials company’s stock valued at $110,643,000 after purchasing an additional 5,608,028 shares during the period. Minneapolis Portfolio Management Group LLC purchased a new position in Goldcorp in the first quarter valued at about $26,349,000. Assenagon Asset Management S.A. purchased a new position in Goldcorp in the second quarter valued at about $19,927,000. Finally, Terril Brothers Inc. raised its position in Goldcorp by 11,030.0% in the first quarter. Terril Brothers Inc. now owns 1,446,900 shares of the basic materials company’s stock valued at $19,996,000 after purchasing an additional 1,433,900 shares during the period. 54.67% of the stock is currently owned by institutional investors and hedge funds.

GG stock opened at $10.74 on Friday. Goldcorp has a 52-week low of $10.38 and a 52-week high of $15.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 1.01. The firm has a market cap of $10.35 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 4.27 and a beta of -0.13.

Goldcorp Company Profile

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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Earnings History and Estimates for Goldcorp (NYSE:GG)

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