Highstreet Asset Management Inc. grew its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 117.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,357 shares of the basic materials company’s stock after acquiring an additional 37,500 shares during the period. Highstreet Asset Management Inc.’s holdings in Goldcorp were worth $900,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Korea Investment CORP raised its stake in Goldcorp by 8.5% in the third quarter. Korea Investment CORP now owns 58,391 shares of the basic materials company’s stock worth $756,000 after buying an additional 4,588 shares in the last quarter. Aperio Group LLC raised its stake in Goldcorp by 11.6% in the third quarter. Aperio Group LLC now owns 260,903 shares of the basic materials company’s stock worth $3,381,000 after buying an additional 27,115 shares in the last quarter. Saratoga Research & Investment Management bought a new position in Goldcorp in the third quarter worth about $412,000. Oxbow Advisors LLC raised its stake in Goldcorp by 5.5% in the third quarter. Oxbow Advisors LLC now owns 98,966 shares of the basic materials company’s stock worth $1,283,000 after buying an additional 5,151 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its stake in Goldcorp by 3.1% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 332,602 shares of the basic materials company’s stock worth $4,317,000 after buying an additional 9,970 shares in the last quarter. 53.78% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on GG. BidaskClub raised shares of Goldcorp from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. TD Securities decreased their price target on shares of Goldcorp from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Royal Bank Of Canada decreased their price target on shares of Goldcorp from $16.00 to $15.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 15th. HC Wainwright reissued a “buy” rating on shares of Goldcorp in a research note on Monday, September 25th. Finally, Jefferies Group LLC set a $13.00 price target on shares of Goldcorp and gave the stock a “hold” rating in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.66.
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Goldcorp Inc. (GG) opened at 13.10 on Monday. Goldcorp Inc. has a 52 week low of $11.91 and a 52 week high of $17.87. The company has a market cap of $11.33 billion, a P/E ratio of 24.04 and a beta of -0.07. The firm’s 50 day moving average is $13.17 and its 200-day moving average is $13.46.
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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