Vanguard Group Inc. boosted its holdings in Goldcorp Inc. (NYSE:GG) (TSE:G) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,163,542 shares of the basic materials company’s stock after purchasing an additional 801,859 shares during the quarter. Vanguard Group Inc. owned about 2.33% of Goldcorp worth $260,311,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of Goldcorp by 55.6% during the first quarter. Nomura Asset Management Co. Ltd. now owns 8,400 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 3,000 shares in the last quarter. First Financial Equity Corporation bought a new stake in shares of Goldcorp during the first quarter valued at approximately $162,000. BB&T Securities LLC bought a new stake in shares of Goldcorp during the first quarter valued at approximately $161,000. Bourgeon Capital Management LLC bought a new stake in shares of Goldcorp during the second quarter valued at approximately $161,000. Finally, First Interstate Bank increased its holdings in shares of Goldcorp by 2.4% during the second quarter. First Interstate Bank now owns 13,050 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.
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Goldcorp Inc. (GG) opened at 13.29 on Friday. The firm has a 50-day moving average price of $13.32 and a 200 day moving average price of $13.60. The stock has a market cap of $11.50 billion, a PE ratio of 24.39 and a beta of -0.07. Goldcorp Inc. has a 52-week low of $11.91 and a 52-week high of $17.87.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, September 14th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, September 13th. Goldcorp’s payout ratio is 14.55%.
Several equities research analysts have recently commented on the company. TD Securities decreased their price objective on Goldcorp from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 4th. BidaskClub upgraded Goldcorp from a “sell” rating to a “hold” rating in a report on Friday, August 11th. HC Wainwright restated a “buy” rating on shares of Goldcorp in a report on Monday, September 25th. Royal Bank Of Canada decreased their price objective on Goldcorp from $16.00 to $15.00 and set a “sector perform” rating for the company in a report on Tuesday, August 15th. Finally, Jefferies Group LLC set a $13.00 price objective on Goldcorp and gave the company a “hold” rating in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.66.
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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