Flossbach Von Storch AG increased its position in shares of Goldcorp Inc. (NYSE:GG) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 1,193,400 shares of the company’s stock after buying an additional 18,800 shares during the period. Goldcorp accounts for approximately 0.4% of Flossbach Von Storch AG’s portfolio, making the stock its 28th largest position. Flossbach Von Storch AG’s holdings in Goldcorp were worth $22,830,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Carmignac Gestion boosted its stake in Goldcorp by 1.0% in the second quarter. Carmignac Gestion now owns 21,870,143 shares of the company’s stock worth $418,376,000 after buying an additional 218,800 shares during the last quarter. Alps Advisors Inc. boosted its stake in Goldcorp by 22.8% in the second quarter. Alps Advisors Inc. now owns 1,726,089 shares of the company’s stock worth $33,020,000 after buying an additional 320,209 shares during the last quarter. BARING ASSET MANAGEMENT Ltd boosted its stake in Goldcorp by 15.4% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 13,418 shares of the company’s stock worth $257,000 after buying an additional 1,787 shares during the last quarter. CIBC World Markets Inc. boosted its stake in Goldcorp by 2.5% in the second quarter. CIBC World Markets Inc. now owns 11,193,470 shares of the company’s stock worth $214,131,000 after buying an additional 271,369 shares during the last quarter. Finally, P.R. Herzig & Co. Inc. boosted its stake in Goldcorp by 11.0% in the second quarter. P.R. Herzig & Co. Inc. now owns 38,200 shares of the company’s stock worth $731,000 after buying an additional 3,800 shares during the last quarter. 60.40% of the stock is owned by institutional investors.
Goldcorp Inc. (NYSE:GG) traded down 8.75% on Tuesday, reaching $14.40. The company’s stock had a trading volume of 14,857,166 shares. Goldcorp Inc. has a 12 month low of $9.46 and a 12 month high of $20.38. The firm’s market cap is $12.28 billion. The firm has a 50 day moving average of $16.60 and a 200 day moving average of $17.57.
Goldcorp (NYSE:GG) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.12. The firm had revenue of $921 million for the quarter, compared to the consensus estimate of $882.55 million. Goldcorp had a negative net margin of 115.33% and a negative return on equity of 0.71%. The company’s revenue was down 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. Analysts anticipate that Goldcorp Inc. will post $0.37 earnings per share for the current year.
A number of research firms recently issued reports on GG. Vetr cut Goldcorp from a “strong-buy” rating to a “buy” rating and set a $21.00 target price for the company. in a research note on Wednesday, August 10th. Zacks Investment Research raised Goldcorp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, July 12th. Jefferies Group reissued a “hold” rating on shares of Goldcorp in a research note on Wednesday, June 8th. Desjardins cut shares of Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Barclays PLC raised their price target on shares of Goldcorp from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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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