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, June 18, 2013. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $27.69 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Goldcorp has been 7.3 million shares per day over the past 30 days. Goldcorp has a market cap of $23.12 billion and is part of the basic materials sector and metals & mining industry. Shares are down 24.4% year to date as of the close of trading on Friday.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Goldcorp as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. You can view the full Goldcorp Ratings Report.

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