Goldcorp Inc. (GG) Position Lowered by Janus Henderson Group PLC

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Janus Henderson Group PLC cut its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 15.8% in the first quarter, HoldingsChannel.com reports. The firm owned 1,002,785 shares of the basic materials company’s stock after selling 188,199 shares during the quarter. Janus Henderson Group PLC’s holdings in Goldcorp were worth $11,480,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its position in shares of Goldcorp by 4.5% in the fourth quarter. Wedbush Securities Inc. now owns 24,560 shares of the basic materials company’s stock valued at $241,000 after buying an additional 1,053 shares during the last quarter. First Interstate Bank raised its position in shares of Goldcorp by 6.1% in the fourth quarter. First Interstate Bank now owns 19,050 shares of the basic materials company’s stock valued at $187,000 after buying an additional 1,100 shares during the last quarter. Estabrook Capital Management raised its position in shares of Goldcorp by 37.7% in the fourth quarter. Estabrook Capital Management now owns 4,475 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,225 shares during the last quarter. AGF Investments America Inc. raised its position in shares of Goldcorp by 2.5% in the fourth quarter. AGF Investments America Inc. now owns 57,002 shares of the basic materials company’s stock valued at $559,000 after buying an additional 1,377 shares during the last quarter. Finally, Stephens Inc. AR raised its position in shares of Goldcorp by 12.9% in the fourth quarter. Stephens Inc. AR now owns 15,556 shares of the basic materials company’s stock valued at $152,000 after buying an additional 1,779 shares during the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Shares of GG stock opened at $11.19 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 159.86 and a beta of 0.25. Goldcorp Inc. has a 1-year low of $8.42 and a 1-year high of $14.66.

Goldcorp (NYSE:GG) (TSE:G) last announced its earnings results on Wednesday, February 13th. The basic materials company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The company had revenue of $772.00 million during the quarter, compared to analyst estimates of $853.36 million. Goldcorp had a negative net margin of 136.84% and a positive return on equity of 0.86%. Equities research analysts anticipate that Goldcorp Inc. will post 0.32 earnings per share for the current fiscal year.

Several research firms recently issued reports on GG. Deutsche Bank cut their price objective on shares of Goldcorp from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Cormark restated a “hold” rating on shares of Goldcorp in a research report on Tuesday, January 29th. Raymond James restated a “market perform” rating and set a $12.00 price objective on shares of Goldcorp in a research report on Wednesday, April 24th. UBS Group cut shares of Goldcorp from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research report on Tuesday, February 12th. Finally, Royal Bank of Canada cut shares of Goldcorp from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $15.00 to $13.00 in a research report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.93.

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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. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its 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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