RE:RE:Question for Goldcorp investors
Hello,
I am glad that i sold all my Goldcorp shares after my post at $17 and the current share price is 15.38.
From my calculation in my last post, the average production cost for Goldcorp is $1164 and the average sold price for Q3 earning was $1117.
The current gold price is $1089 which is even lower than the average gold price in Q3. Thats mean, we will see the earnings making bigger loses more than -0.04
Looking at the consesus forecasts for Q4 and next year, all the forecasts are positive. This mean the forecast will give a shock to the market for the coming earnings.
Everytime Goldcorp release the Quaterly earning, the shares will drop. Another thing, how can we invest in a company that is making a lose for every ounce of gold they produce?
In another way, the more gold we produce, the more losses will incure in the current gold price
Quarterly Earnings Forecasts
Fiscal
Quarter End |
Consensus
EPS* Forecast |
High EPS*
Forecast |
Low EPS*
Forecast |
Number of
Estimates |
Over the Last 4 Weeks
Number of Revisions
UpDown |
| Dec 2015 |
0.04 |
0.09 |
0 |
10 |
2 |
4 |
| Mar 2016 |
0.05 |
0.12 |
0.01 |
6 |
1 |
4 |
| Jun 2016 |
0.06 |
0.15 |
0.01 |
6 |
1 |
3 |
| Sep 2016 |
0.06 |
0.15 |
0.01 |
6 |
1 |
3 |
| Dec 2016 |
0.06 |
0.18 |
0.01 |
6 |
1 |
3 |