Headinvest LLC held its stake in Goldcorp Inc. (NYSE:GG) during the second quarter, Holdings Channel reports. The institutional investor owned 27,309 shares of the company’s stock at the end of the second quarter. Headinvest LLC’s holdings in Goldcorp were worth $522,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of GG. Smith Affiliated Capital Corp. raised its stake in shares of Goldcorp by 95.7% in the second quarter. Smith Affiliated Capital Corp. now owns 6,900 shares of the company’s stock valued at $132,000 after buying an additional 3,374 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Goldcorp during the second quarter valued at approximately $192,000. Stock Yards Bank & Trust Co. bought a new stake in shares of Goldcorp during the second quarter valued at approximately $224,000. Simmons Bank bought a new stake in shares of Goldcorp during the first quarter valued at approximately $233,000. Finally, BARING ASSET MANAGEMENT Ltd raised its stake in shares of Goldcorp by 15.4% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 13,418 shares of the company’s stock valued at $257,000 after buying an additional 1,787 shares during the period. Institutional investors own 60.40% of the company’s stock.
Shares of Goldcorp Inc. (NYSE:GG) traded up 1.54% during midday trading on Thursday, hitting $17.09. 9,442,867 shares of the stock were exchanged. The stock’s market cap is $14.58 billion. Goldcorp Inc. has a 12 month low of $9.46 and a 12 month high of $20.38. The firm’s 50-day moving average is $16.98 and its 200-day moving average is $17.54.
Goldcorp (NYSE:GG) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.12. Goldcorp had a negative return on equity of 0.71% and a negative net margin of 115.33%. The business earned $921 million during the quarter, compared to analysts’ expectations of $882.55 million. During the same period in the previous year, the company posted $0.08 EPS. Goldcorp’s revenue for the quarter was down 30.1% on a year-over-year basis. Equities research analysts predict that Goldcorp Inc. will post $0.36 earnings per share for the current year.
Several analysts have commented on GG shares. Jefferies Group restated a “hold” rating on shares of Goldcorp in a report on Wednesday, June 8th. Deutsche Bank AG restated a “sell” rating on shares of Goldcorp in a report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, June 28th. National Bank Financial initiated coverage on shares of Goldcorp in a report on Thursday, September 8th. They issued an “outperform” rating for the company. Finally, TD Securities reiterated a “hold” rating and set a $23.00 target price on shares of Goldcorp in a report on Monday, July 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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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