Eaton Vance Management reduced its position in shares of Goldcorp Inc. (NYSE:GG) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 65,995 shares of the company’s stock after selling 900 shares during the period. Eaton Vance Management’s holdings in Goldcorp were worth $1,262,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in Goldcorp by 67.4% in the first quarter. Wellington Management Group LLP now owns 3,820,879 shares of the company’s stock worth $62,022,000 after buying an additional 1,538,815 shares in the last quarter. Societe Generale acquired a new stake in shares of Goldcorp during the second quarter valued at $3,043,000. Renaissance Technologies LLC raised its stake in shares of Goldcorp by 61.9% in the first quarter. Renaissance Technologies LLC now owns 3,587,561 shares of the company’s stock valued at $58,226,000 after buying an additional 1,371,300 shares during the period. Legal & General Group Plc raised its stake in shares of Goldcorp by 1.3% in the first quarter. Legal & General Group Plc now owns 4,543,271 shares of the company’s stock valued at $74,016,000 after buying an additional 59,132 shares during the period. Finally, HAP Trading LLC raised its stake in shares of Goldcorp by 0.7% in the second quarter. HAP Trading LLC now owns 93,194 shares of the company’s stock valued at $1,783,000 after buying an additional 656 shares during the period. 60.40% of the stock is currently owned by institutional investors.
Goldcorp Inc. (NYSE:GG) traded down 0.810% during mid-day trading on Monday, hitting $16.525. The company had a trading volume of 3,249,615 shares. The stock’s 50 day moving average price is $16.94 and its 200 day moving average price is $17.54. Goldcorp Inc. has a 52-week low of $9.46 and a 52-week high of $20.38. The firm’s market cap is $14.10 billion.
Goldcorp (NYSE:GG) last released its earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.12. The business earned $921 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 30.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. On average, equities research analysts predict that Goldcorp Inc. will post $0.36 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Vetr raised Goldcorp from a “sell” rating to a “hold” rating and set a $16.25 target price on the stock in a research report on Monday, May 30th. Zacks Investment Research raised Goldcorp from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, July 12th. Jefferies Group reissued a “hold” rating on shares of Goldcorp in a research report on Wednesday, June 8th. Desjardins lowered Goldcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Barclays PLC raised their target price on Goldcorp from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.36.
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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