HL Financial Services LLC decreased its position in Goldcorp Inc. (NYSE:GG) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 11,857 shares of the company’s stock after selling 185 shares during the period. HL Financial Services LLC’s holdings in Goldcorp were worth $227,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in GG. CIBC World Markets Inc. boosted its stake in shares of Goldcorp by 2.5% in the second quarter. CIBC World Markets Inc. now owns 11,193,470 shares of the company’s stock worth $214,131,000 after buying an additional 271,369 shares in the last quarter. Ruffer LLP boosted its stake in shares of Goldcorp by 15.0% in the first quarter. Ruffer LLP now owns 4,676,640 shares of the company’s stock worth $75,878,000 after buying an additional 608,764 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Goldcorp by 1.3% in the first quarter. Legal & General Group Plc now owns 4,543,271 shares of the company’s stock worth $74,016,000 after buying an additional 59,132 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Goldcorp by 67.4% in the first quarter. Wellington Management Group LLP now owns 3,820,879 shares of the company’s stock worth $62,022,000 after buying an additional 1,538,815 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Goldcorp by 61.9% in the first quarter. Renaissance Technologies LLC now owns 3,587,561 shares of the company’s stock worth $58,226,000 after buying an additional 1,371,300 shares in the last quarter. Institutional investors own 60.40% of the company’s stock.
Goldcorp Inc. (NYSE:GG) traded down 0.78% during trading on Friday, reaching $16.52. The company’s stock had a trading volume of 6,086,960 shares. The stock has a 50-day moving average price of $16.69 and a 200 day moving average price of $17.56. Goldcorp Inc. has a 52-week low of $9.46 and a 52-week high of $20.38. The company’s market cap is $14.09 billion.
Goldcorp (NYSE:GG) last issued its earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.12. The firm earned $921 million during the quarter, compared to the consensus estimate of $882.55 million. Goldcorp had a negative net margin of 115.33% and a negative return on equity of 0.71%. The business’s quarterly revenue was down 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, analysts expect that Goldcorp Inc. will post $0.37 EPS for the current year.
GG has been the topic of a number of research analyst reports. Jefferies Group restated a “hold” rating on shares of Goldcorp in a research note on Wednesday, June 8th. Deutsche Bank AG restated a “sell” rating on shares of Goldcorp in a research note on Wednesday, July 20th. Zacks Investment Research upgraded Goldcorp from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, June 28th. National Bank Financial initiated coverage on Goldcorp in a research note on Thursday, September 8th. They issued an “outperform” rating on the stock. Finally, TD Securities restated a “hold” rating and issued a $23.00 price target on shares of Goldcorp in a research note on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price 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.
Want to see what other hedge funds are holding GG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldcorp Inc. (NYSE:GG).
Receive News & Ratings for Goldcorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.