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Goldcorp Inc. Message Board

  • mjmjam50 mjmjam50 May 2, 2013 8:33 AM Flag

    Horrible earnings report

    Earnings down 37% YoY. All in costs of a STAGGERING $1135/ounce. Low cost producer.....too funny!!!!
    Miss on earnings by .08/share.

    So they miss earnings on an averaged realized price of $1622/ounce in Q1. What do you think is going to happen in Q2 with an average price around $1400 so far for gold. The estimates MUST come WAY DOWN kids. Stick a fork in them, they're done. Right now the estimate is for .40/share in Q2. Good Luck with that!!! This stock will be nowhere near $28 in 3 months time.

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    • Based on what I see in the earnings report, and with an estimated gold price of 1,474 for the second quater, i'm guessing the next earnings report will be about .24 cents a share.

      1,474 - 1,135 = 339 and ounce times 595,100 = $201,738,900 dividend by 812 million shares. look right?

      Sentiment: Strong Sell

    • You need to consider that alot of these bad numbers could already be baked into the share price, so unless gold resumes its drop, then I do not expect more than a knee jerk reaction in share price today, just like auy, and nem did. A day trade short, or a buy the dip seem to be in order today, in my opinion.

      • 1 Reply to lvlarry_75
      • I understand what you're saying Larry, however, the problem is at a profit of .31/share in Q1, that translates to $1.24/year. At a share price of $28 you get a PE 22.5. That's way too high. Please keep in mind they realized a price of $1622/ounce in Q1. The first month of Q2 is in the books and gold averaged around $1425. That's $200 less and the analysts peg Q2 earnings at .40/share. Who in their right mind would believe they could possibly attain .40/share with the gold price where it is? The estimates MUST come down and the share price will follow because the PE is far too steep.

 
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