Goldcorp Stock To Go Ex-dividend Tomorrow (GG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- The ex-dividend date for Goldcorp (NYSE:GG) is tomorrow, October 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $45.97 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Goldcorp has been 5.4 million shares per day over the past 30 days. Goldcorp has a market cap of $37.47 billion and is part of the basic materials sector and metals & mining industry. Shares are up 4.5% year to date as of the close of trading on Monday.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties. It primarily explores gold, silver, copper, lead, and zinc. The company has a P/E ratio of 28.7, below the average metals & mining industry P/E ratio of 29.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Goldcorp as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Goldcorp Ratings Report.

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