Korea Investment CORP raised its stake in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,803 shares of the basic materials company’s stock after buying an additional 1,014 shares during the period. Korea Investment CORP’s holdings in Goldcorp were worth $693,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of GG. Nomura Asset Management Co. Ltd. raised its position in shares of Goldcorp by 55.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 8,400 shares of the basic materials company’s stock worth $123,000 after buying an additional 3,000 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Goldcorp by 12.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,358 shares of the basic materials company’s stock worth $137,000 after buying an additional 1,037 shares during the period. First Financial Equity Corporation purchased a new position in shares of Goldcorp during the first quarter worth about $162,000. BB&T Securities LLC purchased a new position in shares of Goldcorp during the first quarter worth about $161,000. Finally, First Interstate Bank raised its position in shares of Goldcorp by 1.2% in the first quarter. First Interstate Bank now owns 12,750 shares of the basic materials company’s stock worth $186,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Goldcorp Inc. (NYSE:GG) opened at 12.73 on Wednesday. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 23.36 and a beta of 0.02. The firm’s 50 day moving average price is $13.02 and its 200-day moving average price is $14.37. Goldcorp Inc. has a 1-year low of $11.91 and a 1-year high of $18.81.

TRADEMARK VIOLATION NOTICE: “Korea Investment CORP Has $693,000 Position in Goldcorp Inc. (GG)” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/16/korea-investment-corp-has-693000-position-in-goldcorp-inc-gg.html.

A number of brokerages recently issued reports on GG. Morgan Stanley restated an “overweight” rating and issued a $17.00 target price on shares of Goldcorp in a research note on Monday, May 1st. Royal Bank Of Canada set a $17.00 target price on Goldcorp and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Jefferies Group LLC set a $15.00 target price on Goldcorp and gave the stock a “hold” rating in a research note on Friday, May 19th. Zacks Investment Research lowered Goldcorp from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Finally, BidaskClub upgraded Goldcorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Goldcorp has a consensus rating of “Hold” and an average target price of $17.00.

Goldcorp Company Profile

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.

Want to see what other hedge funds are holding GG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldcorp Inc. (NYSE:GG) (TSE:G).

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

Receive News & Ratings for Goldcorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.