Dimensional Fund Advisors LP raised its stake in shares of Goldcorp Inc. (NYSE:GG) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,445,141 shares of the company’s stock after buying an additional 188,455 shares during the period. Dimensional Fund Advisors LP owned about 0.29% of Goldcorp worth $46,776,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in GG. Brave Asset Management Inc raised its position in Goldcorp by 18.3% in the second quarter. Brave Asset Management Inc now owns 14,900 shares of the company’s stock valued at $285,000 after buying an additional 2,300 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Goldcorp by 80.3% in the second quarter. Nationwide Fund Advisors now owns 122,874 shares of the company’s stock worth $2,351,000 after buying an additional 54,729 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of Goldcorp by 24.1% in the second quarter. Mckinley Capital Management LLC Delaware now owns 1,879,709 shares of the company’s stock worth $35,959,000 after buying an additional 364,696 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Goldcorp by 5.5% in the second quarter. Oppenheimer & Co. Inc. now owns 29,006 shares of the company’s stock worth $555,000 after buying an additional 1,517 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Goldcorp by 360.9% in the second quarter. Ameriprise Financial Inc. now owns 171,147 shares of the company’s stock worth $3,274,000 after buying an additional 134,014 shares in the last quarter. Hedge funds and other institutional investors own 60.40% of the company’s stock.
Goldcorp Inc. (NYSE:GG) opened at 14.025 on Wednesday. Goldcorp Inc. has a one year low of $9.46 and a one year high of $20.38. The firm’s market cap is $11.96 billion. The firm’s 50-day moving average price is $15.86 and its 200 day moving average price is $17.47.
Goldcorp (NYSE:GG) last posted its earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.12. The business had revenue of $921 million for the quarter, compared to analyst estimates of $882.55 million. Goldcorp had a negative return on equity of 0.71% and a negative net margin of 115.33%. The firm’s revenue was down 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. On average, equities research analysts forecast that Goldcorp Inc. will post $0.37 EPS for the current year.
GG has been the subject of a number of recent analyst reports. Desjardins upgraded shares of Goldcorp from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. Royal Bank Of Canada reiterated an “underperform” rating and issued a $22.00 target price on shares of Goldcorp in a research report on Saturday, June 25th. Zacks Investment Research upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, June 28th. Vetr lowered shares of Goldcorp from a “strong-buy” rating to a “sell” rating and set a $19.34 target price for the company. in a research report on Tuesday, July 5th. Finally, Deutsche Bank AG reiterated a “sell” rating on shares of Goldcorp in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.59.
Goldcorp Company Profile
Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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