Aperio Group LLC Trims Stake in Goldcorp Inc. (GG)

Aperio Group LLC reduced its stake in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 13.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 170,145 shares of the basic materials company’s stock after selling 25,961 shares during the period. Aperio Group LLC’s holdings in Goldcorp were worth $1,735,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. P.R. Herzig & Co. Inc. grew its position in shares of Goldcorp by 18.0% during the 2nd quarter. P.R. Herzig & Co. Inc. now owns 28,800 shares of the basic materials company’s stock valued at $395,000 after acquiring an additional 4,400 shares during the period. DORCHESTER WEALTH MANAGEMENT Co grew its position in shares of Goldcorp by 1.7% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 355,892 shares of the basic materials company’s stock valued at $3,618,000 after acquiring an additional 6,035 shares during the period. Howland Capital Management LLC grew its position in shares of Goldcorp by 51.6% during the 2nd quarter. Howland Capital Management LLC now owns 23,800 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 8,100 shares during the period. Greenline Partners LLC grew its position in shares of Goldcorp by 5.1% during the 3rd quarter. Greenline Partners LLC now owns 206,851 shares of the basic materials company’s stock valued at $2,106,000 after acquiring an additional 10,020 shares during the period. Finally, Boston Partners bought a new position in shares of Goldcorp during the 2nd quarter valued at approximately $174,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

GG opened at $9.19 on Friday. The company has a market capitalization of $8.16 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 12.72 and a beta of 0.09. Goldcorp Inc. has a 12 month low of $8.42 and a 12 month high of $15.55. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 0.18.

Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings data on Wednesday, October 24th. The basic materials company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.06). The business had revenue of $621.00 million during the quarter, compared to the consensus estimate of $714.46 million. Goldcorp had a return on equity of 0.97% and a net margin of 2.47%. On average, equities analysts expect that Goldcorp Inc. will post 0.07 earnings per share for the current year.

A number of research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Scotiabank reissued a “buy” rating and set a $17.00 target price on shares of Goldcorp in a research report on Friday, July 27th. Jefferies Financial Group reissued a “hold” rating and set a $13.00 target price on shares of Goldcorp in a research report on Monday, August 6th. TheStreet downgraded shares of Goldcorp from a “b-” rating to a “c+” rating in a report on Wednesday, August 1st. Finally, Citigroup cut their price objective on shares of Goldcorp from $16.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.58.

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Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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