Northern Trust Corp lifted its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 839,487 shares of the basic materials company’s stock after buying an additional 20,451 shares during the quarter. Northern Trust Corp owned approximately 0.10% of Goldcorp worth $11,509,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in Goldcorp during the second quarter valued at about $19,927,000. Virginia Retirement Systems ET AL boosted its position in Goldcorp by 527.2% during the second quarter. Virginia Retirement Systems ET AL now owns 1,327,190 shares of the basic materials company’s stock valued at $18,211,000 after purchasing an additional 1,115,590 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Goldcorp by 29.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,588,942 shares of the basic materials company’s stock valued at $62,914,000 after purchasing an additional 1,056,515 shares in the last quarter. CIBC Asset Management Inc boosted its position in Goldcorp by 6.6% during the second quarter. CIBC Asset Management Inc now owns 16,998,877 shares of the basic materials company’s stock valued at $233,435,000 after purchasing an additional 1,045,326 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in Goldcorp by 15.6% during the second quarter. Toronto Dominion Bank now owns 7,142,615 shares of the basic materials company’s stock valued at $98,460,000 after purchasing an additional 966,420 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.
Goldcorp stock opened at $9.19 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.48. Goldcorp Inc. has a one year low of $8.42 and a one year high of $15.55. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 62.20, a price-to-earnings-growth ratio of 12.65 and a beta of 0.09.
Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings results on Wednesday, October 24th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Goldcorp had a net margin of 2.47% and a return on equity of 0.97%. The business had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $714.46 million. As a group, equities analysts predict that Goldcorp Inc. will post 0.07 earnings per share for the current year.
A number of brokerages recently weighed in on GG. ValuEngine downgraded Goldcorp from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Royal Bank of Canada dropped their price objective on Goldcorp from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. JPMorgan Chase & Co. dropped their price objective on Goldcorp from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, September 17th. Canaccord Genuity reiterated a “buy” rating on shares of Goldcorp in a research note on Thursday, October 25th. Finally, Deutsche Bank set a $14.00 price target on Goldcorp and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Goldcorp has a consensus rating of “Hold” and a consensus price target of $15.58.
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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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