Brokers Set Expectations for Goldcorp Inc.’s FY2018 Earnings (G)

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

G has been the subject of a number of other research reports. Cormark boosted their price objective on shares of Goldcorp from C$14.00 to C$14.35 in a research report on Tuesday, January 29th. Canaccord Genuity lowered their price objective on shares of Goldcorp from C$23.00 to C$21.00 in a research report on Thursday, October 18th. Finally, BMO Capital Markets raised shares of Goldcorp from a “market perform” rating to an “outperform” rating in a research report on Friday, October 26th.

Shares of G 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 current ratio of 0.83, a quick ratio of 0.45 and a debt-to-equity ratio of 21.31. The firm has a market capitalization of $12.66 billion and a price-to-earnings ratio of 164.94.

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 (TSE:G)

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