Fmr LLC lessened its stake in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 75.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,401,316 shares of the basic materials company’s stock after selling 13,211,022 shares during the period. Fmr LLC owned approximately 0.51% of Goldcorp worth $56,747,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GG. First Eagle Investment Management LLC increased its holdings in shares of Goldcorp by 4.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 34,814,349 shares of the basic materials company’s stock worth $449,453,000 after purchasing an additional 1,628,150 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Goldcorp by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 20,163,542 shares of the basic materials company’s stock worth $260,311,000 after purchasing an additional 801,859 shares in the last quarter. CIBC World Markets Inc. increased its holdings in shares of Goldcorp by 91.2% in the 2nd quarter. CIBC World Markets Inc. now owns 10,717,490 shares of the basic materials company’s stock worth $138,363,000 after purchasing an additional 5,112,943 shares in the last quarter. Majedie Asset Management Ltd increased its holdings in shares of Goldcorp by 246.3% in the 2nd quarter. Majedie Asset Management Ltd now owns 8,195,649 shares of the basic materials company’s stock worth $105,806,000 after purchasing an additional 5,828,676 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Goldcorp by 9.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 7,329,326 shares of the basic materials company’s stock worth $94,229,000 after purchasing an additional 633,575 shares in the last quarter. 53.96% of the stock is owned by institutional investors.

Goldcorp Inc. (NYSE GG) opened at 13.40 on Monday. Goldcorp Inc. has a 1-year low of $11.91 and a 1-year high of $17.87. The stock has a market capitalization of $11.59 billion, a P/E ratio of 24.59 and a beta of -0.07. The stock has a 50 day moving average price of $13.34 and a 200-day moving average price of $13.56.

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, September 14th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, September 13th. Goldcorp’s payout ratio is 14.55%.

A number of analysts have commented on the company. TD Securities reduced their target price on Goldcorp from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 4th. BidaskClub raised Goldcorp from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada reduced their target price on Goldcorp from $16.00 to $15.00 and set a “sector perform” rating for the company in a report on Tuesday, August 15th. HC Wainwright reissued a “buy” rating on shares of Goldcorp in a report on Monday, September 25th. Finally, Jefferies Group LLC set a $13.00 target price on Goldcorp and gave the stock a “hold” rating in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.66.

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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.

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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