Tahithromos L.L.C. Maintains Position in Goldcorp Inc. (GG)
Tahithromos L.L.C. continued to hold its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,200 shares of the basic materials company’s stock at the close of the 2nd quarter. Goldcorp comprises approximately 2.4% of Tahithromos L.L.C.’s holdings, making the stock its 10th biggest position. Tahithromos L.L.C.’s holdings in Goldcorp were worth $2,301,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aviva PLC lifted its stake in Goldcorp by 0.7% in the 2nd quarter. Aviva PLC now owns 534,488 shares of the basic materials company’s stock valued at $6,887,000 after acquiring an additional 3,750 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Goldcorp by 133.8% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,896,225 shares of the basic materials company’s stock valued at $24,480,000 after acquiring an additional 1,085,011 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Goldcorp by 0.8% in the 1st quarter. Alliancebernstein L.P. now owns 2,323,040 shares of the basic materials company’s stock valued at $33,893,000 after acquiring an additional 17,312 shares in the last quarter. Airain ltd bought a new stake in Goldcorp in the 2nd quarter valued at approximately $3,719,000. Finally, Commonwealth Bank of Australia lifted its stake in Goldcorp by 7.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,838,097 shares of the basic materials company’s stock valued at $49,412,000 after acquiring an additional 275,451 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, September 14th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.62%. Goldcorp’s dividend payout ratio (DPR) is currently 14.55%.
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Several research firms have commented on GG. HC Wainwright restated a “buy” rating on shares of Goldcorp in a research note on Monday. TD Securities cut their target price on Goldcorp from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. BidaskClub upgraded Goldcorp from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Royal Bank Of Canada dropped their price objective on Goldcorp from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 15th. Finally, Jefferies Group LLC set a $13.00 price objective on Goldcorp and gave the stock a “hold” rating in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.64.
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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