Goldcorp Inc. (GG) Shares Bought by GAM Holding AG
GAM Holding AG raised its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 184.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 358,054 shares of the company’s stock after buying an additional 232,100 shares during the period. GAM Holding AG’s holdings in Goldcorp were worth $5,916,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of GG. Stock Yards Bank & Trust Co. purchased a new position in Goldcorp during the second quarter worth approximately $224,000. Smith Affiliated Capital Corp. boosted its position in Goldcorp by 95.7% in the second quarter. Smith Affiliated Capital Corp. now owns 6,900 shares of the company’s stock worth $132,000 after buying an additional 3,374 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Goldcorp by 37.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 15,500 shares of the company’s stock worth $297,000 after buying an additional 4,200 shares in the last quarter. Creative Planning boosted its position in Goldcorp by 1.2% in the second quarter. Creative Planning now owns 29,711 shares of the company’s stock worth $568,000 after buying an additional 339 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in Goldcorp by 50.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 68,665 shares of the company’s stock worth $1,314,000 after buying an additional 23,152 shares in the last quarter. 57.26% of the stock is owned by institutional investors and hedge funds.
Goldcorp Inc. (NYSE:GG) traded down 0.775% during mid-day trading on Tuesday, hitting $13.435. 5,102,552 shares of the stock traded hands. Goldcorp Inc. has a 12-month low of $9.46 and a 12-month high of $20.38. The company has a 50 day moving average of $14.44 and a 200-day moving average of $16.74. The stock’s market cap is $11.47 billion.
Goldcorp (NYSE:GG) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Goldcorp had a negative net margin of 114.28% and a positive return on equity of 0.24%. The business earned $1.15 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. Equities research analysts forecast that Goldcorp Inc. will post $0.31 earnings per share for the current year.
GG has been the subject of several research reports. Vetr raised shares of Goldcorp from a “buy” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, August 17th. Citigroup Inc. started coverage on shares of Goldcorp in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $20.00 price target for the company. Canaccord Genuity upgraded shares of Goldcorp from a “hold” rating to a “buy” rating in a report on Monday, October 24th. Berenberg Bank started coverage on shares of Goldcorp in a report on Wednesday, September 7th. They issued a “hold” rating and a $16.50 price target for the company. Finally, TD Securities restated a “hold” rating and issued a $21.00 price target (down previously from $23.00) on shares of Goldcorp in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.53.
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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