Gamco Investors INC. ET AL continued to hold its stake in Goldcorp Inc. (NYSE:GG) (TSE:G) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,970 shares of the basic materials company’s stock at the close of the 2nd quarter. Gamco Investors INC. ET AL’s holdings in Goldcorp were worth $697,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Interstate Bank grew its holdings in shares of Goldcorp by 1.2% in the first quarter. First Interstate Bank now owns 12,750 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 150 shares during the period. Lowe Wealth Advisors LLC grew its holdings in shares of Goldcorp by 0.4% in the second quarter. Lowe Wealth Advisors LLC now owns 68,067 shares of the basic materials company’s stock valued at $879,000 after purchasing an additional 272 shares during the period. Regal Investment Advisors LLC grew its holdings in shares of Goldcorp by 2.8% in the first quarter. Regal Investment Advisors LLC now owns 15,377 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 417 shares during the period. Jarislowsky Fraser Ltd grew its holdings in shares of Goldcorp by 3.7% in the second quarter. Jarislowsky Fraser Ltd now owns 17,010 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 600 shares during the period. Finally, Bennicas & Associates Inc. grew its holdings in shares of Goldcorp by 0.7% in the second quarter. Bennicas & Associates Inc. now owns 116,360 shares of the basic materials company’s stock valued at $1,502,000 after purchasing an additional 800 shares during the period. 53.99% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC set a $13.00 price objective on shares of Goldcorp and gave the company a “hold” rating in a report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $16.00 target price on shares of Goldcorp in a research note on Tuesday, June 13th. BidaskClub raised shares of Goldcorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Macquarie raised shares of Goldcorp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 12th. Finally, Scotiabank set a $18.00 target price on shares of Goldcorp and gave the stock an “outperform” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.64.
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Shares of Goldcorp Inc. (GG) traded down 2.75% during mid-day trading on Wednesday, hitting $13.43. 7,700,659 shares of the stock traded hands. Goldcorp Inc. has a one year low of $11.91 and a one year high of $17.87. The stock has a 50 day moving average price of $13.23 and a 200-day moving average price of $13.93. The company has a market cap of $11.62 billion, a P/E ratio of 24.64 and a beta of -0.02.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, September 13th. Goldcorp’s payout ratio is currently 14.55%.
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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