Blueshift Asset Management LLC Buys New Holdings in Goldcorp Inc. (GG)
Blueshift Asset Management LLC bought a new position in Goldcorp Inc. (NYSE:GG) (TSE:G) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,955 shares of the basic materials company’s stock, valued at approximately $254,000.
Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in Goldcorp by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 53,141,740 shares of the basic materials company’s stock worth $520,789,000 after acquiring an additional 2,145,565 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Goldcorp by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,600,844 shares of the basic materials company’s stock valued at $46,929,000 after purchasing an additional 11,902 shares in the last quarter. Exane Derivatives lifted its holdings in shares of Goldcorp by 277.9% during the fourth quarter. Exane Derivatives now owns 435,764 shares of the basic materials company’s stock valued at $4,269,000 after purchasing an additional 320,466 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Goldcorp by 2,996.7% during the fourth quarter. Quadrant Capital Group LLC now owns 15,143 shares of the basic materials company’s stock valued at $146,000 after purchasing an additional 14,654 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Goldcorp by 33.3% during the second quarter. Bank of New York Mellon Corp now owns 3,100,667 shares of the basic materials company’s stock valued at $42,510,000 after purchasing an additional 775,219 shares in the last quarter. 55.09% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the company. Vertical Research downgraded Goldcorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Macquarie downgraded Goldcorp from an “outperform” rating to a “neutral” rating in a report on Monday, January 7th. Cormark reaffirmed a “hold” rating on shares of Goldcorp in a report on Tuesday, January 29th. UBS Group assumed coverage on Goldcorp in a report on Friday, January 4th. They set a “buy” rating and a $12.00 price target on the stock. Finally, ValuEngine raised Goldcorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.33.
Goldcorp (NYSE:GG) (TSE:G) last posted its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $853.36 million. Goldcorp had a positive return on equity of 0.86% and a negative net margin of 136.84%. As a group, research analysts anticipate that Goldcorp Inc. will post 0.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Thursday, March 14th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, March 13th. Goldcorp’s dividend payout ratio (DPR) is presently 114.29%.
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its 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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