Bank of New York Mellon Corp boosted its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 33.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,100,667 shares of the basic materials company’s stock after purchasing an additional 775,219 shares during the period. Bank of New York Mellon Corp owned about 0.36% of Goldcorp worth $42,510,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GG. Virginia Retirement Systems ET AL grew its position in shares of Goldcorp by 527.2% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 1,327,190 shares of the basic materials company’s stock valued at $18,211,000 after acquiring an additional 1,115,590 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Goldcorp by 29.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,588,942 shares of the basic materials company’s stock valued at $62,914,000 after acquiring an additional 1,056,515 shares during the period. CIBC Asset Management Inc grew its position in shares of Goldcorp by 6.6% during the 2nd quarter. CIBC Asset Management Inc now owns 16,998,877 shares of the basic materials company’s stock valued at $233,435,000 after acquiring an additional 1,045,326 shares during the period. Toronto Dominion Bank grew its position in shares of Goldcorp by 15.6% during the 2nd quarter. Toronto Dominion Bank now owns 7,142,615 shares of the basic materials company’s stock valued at $98,460,000 after acquiring an additional 966,420 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Goldcorp by 104.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,030,599 shares of the basic materials company’s stock valued at $14,146,000 after acquiring an additional 525,997 shares during the period. 54.67% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on GG shares. ValuEngine downgraded shares of Goldcorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. BMO Capital Markets raised shares of Goldcorp from a “market perform” rating to an “outperform” rating and set a $14.79 target price for the company in a research report on Thursday, October 25th. They noted that the move was a valuation call. Jefferies Financial Group reissued a “hold” rating and set a $13.00 target price on shares of Goldcorp in a research report on Monday, August 6th. Credit Suisse Group reissued an “outperform” rating on shares of Goldcorp in a research report on Monday, September 10th. Finally, Citigroup downgraded shares of Goldcorp from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $15.58.

Shares of GG stock opened at $9.50 on Wednesday. The company has a market cap of $8.21 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 12.80 and a beta of 0.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.48 and a current ratio of 0.83. Goldcorp Inc. has a 12 month low of $8.42 and a 12 month high of $15.55.

Goldcorp (NYSE:GG) (TSE:G) last announced its quarterly earnings results on Wednesday, October 24th. The basic materials company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.06). The business had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $714.46 million. Goldcorp had a net margin of 2.47% and a return on equity of 0.97%. As a group, research analysts forecast that Goldcorp Inc. will post 0.07 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/11/21/goldcorp-inc-gg-holdings-raised-by-bank-of-new-york-mellon-corp.html.

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.

Featured Article: What is the Ex-Dividend Date in Investing?

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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