Goldcorp Sees Unusually High Options Volume (GG)

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

Several research analysts have issued reports on the stock. Canaccord Genuity downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Zacks Investment Research downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Scotiabank set a $18.00 price objective on shares of Goldcorp and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Raymond James Financial raised their price objective on shares of Goldcorp from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 17th. Finally, Deutsche Bank raised their price objective on shares of Goldcorp from $16.00 to $16.50 and gave the stock a “hold” rating in a research report on Wednesday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.62.

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Several hedge funds have recently added to or reduced their stakes in GG. Cerebellum GP LLC acquired a new stake in shares of Goldcorp in the 4th quarter worth $133,000. Belpointe Asset Management LLC acquired a new stake in shares of Goldcorp in the 4th quarter worth $141,000. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Goldcorp in the 4th quarter worth $179,000. Sciencast Management LP acquired a new stake in shares of Goldcorp in the 4th quarter worth $207,000. Finally, Capital Innovations LLC lifted its stake in shares of Goldcorp by 54.0% in the 4th quarter. Capital Innovations LLC now owns 16,465 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 5,775 shares during the period. Institutional investors own 52.26% of the company’s stock.

GG stock opened at $14.37 on Tuesday. Goldcorp has a one year low of $11.64 and a one year high of $15.55. The firm has a market capitalization of $12,494.38, a PE ratio of 35.93, a PEG ratio of 3.20 and a beta of 0.06. The company has a quick ratio of 0.56, a current ratio of 0.91 and a debt-to-equity ratio of 0.16.

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

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

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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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