Goldcorp (G) Sets New 52-Week Low at $13.40

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Goldcorp Inc. (TSE:G) (NYSE:GG) shares hit a new 52-week low on Tuesday . The company traded as low as C$13.40 and last traded at C$13.44, with a volume of 1677633 shares changing hands. The stock had previously closed at C$14.10.

G has been the topic of a number of research reports. National Bank Financial cut their price target on shares of Goldcorp from C$27.00 to C$25.50 and set an “outperform” rating on the stock in a research note on Friday, July 27th. Canaccord Genuity cut their price target on shares of Goldcorp from C$25.00 to C$23.00 in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$21.01.

Goldcorp (TSE:G) (NYSE:GG) last announced its quarterly earnings data on Wednesday, July 25th. The company reported C$0.07 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.09 by C($0.02). The business had revenue of C$1.02 billion during the quarter, compared to the consensus estimate of C$1.15 billion. Goldcorp had a return on equity of 6.90% and a net margin of 28.37%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Thursday, September 13th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Wednesday, September 12th.

Goldcorp Company Profile (TSE:G)

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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