Goldcorp (NYSE:GG) (TSE:G) saw unusually large options trading activity on Monday. Stock investors purchased 21,315 put options on the company. This represents an increase of approximately 728% compared to the average daily volume of 2,575 put options.

GG has been the subject of a number of recent research reports. TD Securities upgraded shares of Goldcorp from a “buy” rating to an “action list buy” rating and lifted their price target for the stock from $20.00 to $22.00 in a research note on Wednesday, January 17th. Scotiabank set a $18.00 price target on shares of Goldcorp and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, January 8th. Jefferies Group set a $16.00 price target on shares of Goldcorp and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Finally, Canaccord Genuity downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $17.62.

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GG stock opened at $14.37 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.91. Goldcorp has a twelve month low of $11.64 and a twelve month high of $15.55. The company has a market cap of $12,494.38, a price-to-earnings ratio of 35.93, a P/E/G ratio of 3.20 and a beta of 0.06.

Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $853.00 million for the quarter, compared to analyst estimates of $869.94 million. Goldcorp had a return on equity of 3.08% and a net margin of 19.22%. analysts predict that Goldcorp will post 0.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Thursday, March 15th were issued a $0.02 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.56%. Goldcorp’s payout ratio is 20.00%.

Several institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in shares of Goldcorp by 40.6% in the 4th quarter. CIBC Asset Management Inc now owns 16,700,712 shares of the basic materials company’s stock valued at $213,869,000 after acquiring an additional 4,824,114 shares during the period. Bank of Montreal Can increased its holdings in shares of Goldcorp by 1.1% in the 4th quarter. Bank of Montreal Can now owns 13,497,180 shares of the basic materials company’s stock valued at $172,358,000 after acquiring an additional 142,752 shares during the period. Swiss National Bank increased its holdings in shares of Goldcorp by 1.5% in the 4th quarter. Swiss National Bank now owns 7,913,300 shares of the basic materials company’s stock valued at $100,995,000 after acquiring an additional 115,600 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Goldcorp by 17.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,108,201 shares of the basic materials company’s stock valued at $78,002,000 after acquiring an additional 902,603 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Goldcorp by 7.2% in the 4th quarter. Mackenzie Financial Corp now owns 5,890,748 shares of the basic materials company’s stock valued at $75,225,000 after acquiring an additional 394,827 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

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Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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