Goldcorp (NYSE:GG) announced a monthly dividend on Tuesday, July 8th, AmericanBankingNews.com reports. Shareholders of record on Thursday, July 17th will be paid a dividend of 0.05 per share on Friday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Tuesday, July 15th.
GG has been the subject of a number of recent research reports. Analysts at Morgan Stanley raised their price target on shares of Goldcorp from $26.40 to $29.00 in a research note on Tuesday. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Goldcorp in a research note on Wednesday, June 4th. They now have a $24.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Goldcorp in a research note on Friday, May 2nd. They now have a $25.00 price target on the stock, down previously from $26.00. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.95.
Goldcorp (NYSE:GG) opened at 27.84 on Wednesday. Goldcorp has a one year low of $20.54 and a one year high of $32.15. The stock’s 50-day moving average is $25.35 and its 200-day moving average is $25.02. The company’s market cap is $22.634 billion.
Goldcorp (NYSE:GG) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.12. The company had revenue of $1.23 million for the quarter, compared to the consensus estimate of $963.45 million. During the same quarter last year, the company posted $0.31 earnings per share. Goldcorp’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Goldcorp will post $0.78 earnings per share for the current fiscal year.
Goldcorp Inc (NYSE:GG) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America.
