National Bank Financial Boosts Goldcorp (G) Price Target to C$14.76

Goldcorp (TSE:G) (NYSE:GG) had its price objective lifted by National Bank Financial from C$13.84 to C$14.76 in a research report report published on Monday, February 4th. National Bank Financial currently has a tender rating on the stock. National Bank Financial also issued estimates for Goldcorp’s Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.10 EPS and FY2019 earnings at $0.33 EPS.

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

TSE:G traded up C$0.13 during mid-day trading on Monday, hitting C$14.03. The company had a trading volume of 2,853,800 shares, compared to its average volume of 3,604,688. The company has a debt-to-equity ratio of 31.44, a current ratio of 0.87 and a quick ratio of 0.44. Goldcorp has a 1 year low of C$11.00 and a 1 year high of C$18.78. The firm has a market capitalization of $12.17 billion and a PE ratio of -2.94.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Thursday, March 14th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.57%. Goldcorp’s payout ratio is -1.68%.

In related news, Senior Officer Anna Maria Tudela sold 2,825 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of C$15.23, for a total value of C$43,018.82. Following the completion of the sale, the insider now directly owns 22,429 shares in the company, valued at C$341,546.57. Also, Director Kenneth Frank Williamson sold 5,500 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of C$15.15, for a total transaction of C$83,341.50. Following the completion of the sale, the director now owns 75,861 shares of the company’s stock, valued at C$1,149,521.73. Insiders sold 11,050 shares of company stock worth $166,881 in the last ninety days.

About Goldcorp

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its 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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