Bank of Montreal Can increased its holdings in Goldcorp Inc. (NYSE:GG) (TSE:G) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,497,180 shares of the basic materials company’s stock after buying an additional 142,752 shares during the quarter. Bank of Montreal Can’s holdings in Goldcorp were worth $172,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GG. IHT Wealth Management LLC bought a new stake in shares of Goldcorp during the 2nd quarter valued at about $1,441,000. Private Advisor Group LLC bought a new stake in shares of Goldcorp during the 3rd quarter valued at about $137,000. Highlander Capital Management LLC grew its stake in shares of Goldcorp by 4.7% during the 2nd quarter. Highlander Capital Management LLC now owns 11,125 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 500 shares during the period. First Allied Advisory Services Inc. bought a new stake in shares of Goldcorp during the 2nd quarter valued at about $155,000. Finally, Stephens Inc. AR bought a new stake in shares of Goldcorp during the 3rd quarter valued at about $173,000. Institutional investors own 53.42% of the company’s stock.

Goldcorp Inc. (NYSE GG) opened at $15.39 on Wednesday. Goldcorp Inc. has a 12-month low of $11.64 and a 12-month high of $17.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.00. The firm has a market capitalization of $14,290.00, a PE ratio of 25.65, a PEG ratio of 2.60 and a beta of -0.10.

Goldcorp (NYSE:GG) (TSE:G) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. Goldcorp had a return on equity of 3.27% and a net margin of 14.91%. sell-side analysts predict that Goldcorp Inc. will post 0.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Thursday, December 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.52%. Goldcorp’s payout ratio is currently 13.33%.

A number of research firms have issued reports on GG. National Bank Financial upgraded Goldcorp from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 26th. Scotiabank cut their price target on Goldcorp from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Monday, October 30th. Royal Bank of Canada set a $15.00 price target on Goldcorp and gave the company a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research downgraded Goldcorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Goldcorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, November 15th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Goldcorp currently has a consensus rating of “Buy” and an average price target of $16.78.

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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.

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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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