Andra AP fonden boosted its holdings in Goldcorp Inc. (NYSE:GG) (TSE:G) by 12.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 638,900 shares of the basic materials company’s stock after purchasing an additional 71,200 shares during the quarter. Andra AP fonden owned about 0.07% of Goldcorp worth $10,350,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its holdings in shares of Goldcorp by 48.3% in the first quarter. Parametric Portfolio Associates LLC now owns 130,857 shares of the basic materials company’s stock valued at $1,909,000 after acquiring an additional 42,613 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Goldcorp by 4.4% in the first quarter. Vanguard Group Inc. now owns 19,361,683 shares of the basic materials company’s stock valued at $282,487,000 after acquiring an additional 814,810 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Goldcorp by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,428,082 shares of the basic materials company’s stock valued at $50,016,000 after acquiring an additional 397,198 shares during the period. Barings LLC acquired a new stake in shares of Goldcorp in the first quarter valued at approximately $259,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Goldcorp by 23.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 83,400 shares of the basic materials company’s stock valued at $1,217,000 after acquiring an additional 15,900 shares during the period. 53.78% of the stock is owned by hedge funds and other institutional investors.
Goldcorp Inc. (NYSE:GG) traded down $0.07 during trading hours on Friday, reaching $13.10. The company’s stock had a trading volume of 5,695,165 shares, compared to its average volume of 5,890,000. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 0.69. The stock has a market capitalization of $11.35 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.28 and a beta of -0.07. Goldcorp Inc. has a 1 year low of $11.91 and a 1 year high of $17.87.
Several research firms have recently weighed in on GG. Royal Bank Of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $15.00 to $18.00 in a report on Wednesday. Scotiabank decreased their price objective on Goldcorp from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Monday, October 30th. National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 26th. Jefferies Group LLC set a $13.00 price objective on Goldcorp and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded Goldcorp from a “hold” rating to a “sell” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.83.
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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