Russell Investments Group Ltd. raised its stake in Goldcorp Inc. (NYSE:GG) (TSE:G) by 29.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,343,559 shares of the basic materials company’s stock after buying an additional 306,538 shares during the period. Russell Investments Group Ltd.’s holdings in Goldcorp were worth $17,305,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. First Interstate Bank increased its position in Goldcorp by 1.2% in the first quarter. First Interstate Bank now owns 12,750 shares of the basic materials company’s stock valued at $186,000 after buying an additional 150 shares in the last quarter. Lowe Wealth Advisors LLC increased its position in Goldcorp by 0.4% in the second quarter. Lowe Wealth Advisors LLC now owns 68,067 shares of the basic materials company’s stock valued at $879,000 after buying an additional 272 shares in the last quarter. Winslow Evans & Crocker Inc. increased 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 valued at $354,000 after buying an additional 312 shares in the last quarter. Regal Investment Advisors LLC increased its position in shares of Goldcorp by 2.8% in the first quarter. Regal Investment Advisors LLC now owns 15,377 shares of the basic materials company’s stock worth $224,000 after buying an additional 417 shares during the period. Finally, Headinvest LLC increased its position in shares of Goldcorp by 1.8% in the first quarter. Headinvest LLC now owns 27,809 shares of the basic materials company’s stock worth $406,000 after buying an additional 500 shares during the period. 56.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldcorp Inc. (NYSE:GG) traded up 1.394% during midday trading on Wednesday, hitting $12.725. 5,865,460 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $13.14 and its 200 day moving average price is $14.53. Goldcorp Inc. has a one year low of $11.91 and a one year high of $19.35. The firm has a market cap of $11.01 billion, a PE ratio of 23.349 and a beta of 0.02.

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GG has been the topic of a number of analyst reports. TD Securities reaffirmed a “buy” rating on shares of Goldcorp in a research note on Thursday, June 15th. Deutsche Bank AG reaffirmed a “hold” rating and set a $15.00 target price (down from $16.00) on shares of Goldcorp in a research note on Sunday, June 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $15.00 target price on shares of Goldcorp in a research note on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $16.00 target price on shares of Goldcorp in a research note on Tuesday, June 13th. Finally, BidaskClub raised shares of Goldcorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.08.

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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