Jarislowsky Fraser Ltd boosted its stake in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,010 shares of the basic materials company’s stock after buying an additional 600 shares during the period. Jarislowsky Fraser Ltd’s holdings in Goldcorp were worth $218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Berkshire Asset Management LLC PA boosted its position in Goldcorp by 12.5% in the first quarter. Berkshire Asset Management LLC PA now owns 56,250 shares of the basic materials company’s stock worth $821,000 after buying an additional 6,250 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its position in Goldcorp by 1.3% in the first quarter. Winslow Evans & Crocker Inc. now owns 24,252 shares of the basic materials company’s stock worth $354,000 after buying an additional 312 shares during the last quarter. Edge Wealth Management LLC boosted its position in Goldcorp by 224.5% in the first quarter. Edge Wealth Management LLC now owns 24,000 shares of the basic materials company’s stock worth $352,000 after buying an additional 16,605 shares during the last quarter. Capstone Asset Management Co. boosted its position in Goldcorp by 2.4% in the first quarter. Capstone Asset Management Co. now owns 86,379 shares of the basic materials company’s stock worth $1,260,000 after buying an additional 2,040 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Goldcorp by 2.3% in the first quarter. Bank of Montreal Can now owns 14,867,809 shares of the basic materials company’s stock worth $216,922,000 after buying an additional 340,079 shares during the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldcorp Inc. (NYSE GG) traded up 0.44% during trading on Thursday, reaching $13.59. 885,810 shares of the company’s stock traded hands. The stock has a market capitalization of $11.63 billion, a PE ratio of 46.54 and a beta of 0.02. The company has a 50 day moving average price of $13.27 and a 200 day moving average price of $14.64. Goldcorp Inc. has a 1-year low of $11.91 and a 1-year high of $19.35.

Goldcorp (NYSE:GG) (TSE:G) last issued its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.11. Goldcorp had a return on equity of 2.72% and a net margin of 7.31%. The business had revenue of $882 million during the quarter, compared to the consensus estimate of $929.91 million. During the same period in the previous year, the business earned $0.10 EPS. On average, equities analysts forecast that Goldcorp Inc. will post $0.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Thursday, June 15th were issued a $0.02 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.59%. Goldcorp’s dividend payout ratio (DPR) is 26.67%.

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A number of research analysts have commented on GG shares. Jefferies Group LLC upped their target price on shares of Goldcorp from $14.50 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Scotiabank reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Goldcorp in a research report on Thursday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $17.00 target price on shares of Goldcorp in a research report on Monday, May 1st. Royal Bank Of Canada set a $17.00 target price on shares of Goldcorp and gave the company a “hold” rating in a research report on Wednesday, May 24th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $18.00 target price (down previously from $19.00) on shares of Goldcorp in a research report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Goldcorp presently has an average rating of “Hold” and a consensus price target of $17.27.

About Goldcorp

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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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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