Goldcorp Inc. to Post FY2018 Earnings of $0.10 Per Share, National Bank Financial Forecasts (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities researchers at National Bank Financial lowered their FY2018 earnings per share estimates for Goldcorp in a research report issued on Sunday, February 3rd. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.10 per share for the year, down from their prior estimate of $0.11. National Bank Financial has a “Tender” rating and a $14.76 price target on the stock. National Bank Financial also issued estimates for Goldcorp’s FY2019 earnings at $0.33 EPS.

A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets raised shares of Goldcorp from a “market perform” rating to an “outperform” rating in a research note on Friday, October 26th. Canaccord Genuity reduced their target price on shares of Goldcorp from C$23.00 to C$21.00 in a report on Thursday, October 18th. Finally, Cormark lowered shares of Goldcorp from a “buy” rating to a “tender” rating and reduced their target price for the company from C$18.50 to C$14.00 in a report on Tuesday, January 15th.

Shares of Goldcorp stock opened at C$14.68 on Wednesday. Goldcorp has a 12-month low of C$11.00 and a 12-month high of C$18.78. The company has a debt-to-equity ratio of 21.31, a current ratio of 0.83 and a quick ratio of 0.45. The stock has a market capitalization of $12.66 billion and a price-to-earnings ratio of 164.94.

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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Earnings History and Estimates for Goldcorp (TSE:G)

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