Howland Capital Management LLC boosted its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 268,545 shares of the company’s stock after buying an additional 5,985 shares during the period. Howland Capital Management LLC’s holdings in Goldcorp were worth $4,436,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in GG. Millie Capital Management LLC boosted its position in shares of Goldcorp by 2.0% in the second quarter. Millie Capital Management LLC now owns 112,181 shares of the company’s stock valued at $2,146,000 after buying an additional 2,200 shares during the last quarter. Lowe fs LLC boosted its position in shares of Goldcorp by 0.5% in the second quarter. Lowe fs LLC now owns 66,826 shares of the company’s stock valued at $1,278,000 after buying an additional 306 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Goldcorp during the second quarter valued at $192,000. Nikko Asset Management Americas Inc. boosted its position in shares of Goldcorp by 17.1% in the second quarter. Nikko Asset Management Americas Inc. now owns 904,963 shares of the company’s stock valued at $17,004,000 after buying an additional 132,400 shares during the last quarter. Finally, Cypress Asset Management Inc. TX boosted its position in shares of Goldcorp by 9.7% in the second quarter. Cypress Asset Management Inc. TX now owns 16,221 shares of the company’s stock valued at $310,000 after buying an additional 1,432 shares during the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

Goldcorp Inc. (NYSE:GG) traded up 4.07% during mid-day trading on Monday, hitting $13.54. 7,909,930 shares of the company’s stock were exchanged. The stock’s market cap is $11.56 billion. Goldcorp Inc. has a 12 month low of $9.46 and a 12 month high of $20.38. The stock’s 50 day moving average price is $14.45 and its 200-day moving average price is $16.80.

Goldcorp (NYSE:GG) last released its earnings results on Wednesday, October 26th. The company reported $0.11 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.11. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Goldcorp had a negative net margin of 114.28% and a positive return on equity of 0.24%. The company’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) earnings per share. Equities analysts expect that Goldcorp Inc. will post $0.31 EPS for the current fiscal year.

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Several brokerages recently issued reports on GG. RBC Capital Markets reiterated an “underperform” rating on shares of Goldcorp in a research note on Wednesday, October 26th. Deutsche Bank AG upgraded shares of Goldcorp from a “sell” rating to a “hold” rating and raised their target price for the company from $15.00 to $16.00 in a research note on Monday, October 3rd. National Bank Financial began coverage on shares of Goldcorp in a research note on Thursday, September 8th. They issued an “outperform” rating for the company. Morgan Stanley began coverage on shares of Goldcorp in a research note on Tuesday, August 9th. They issued an “overweight” rating and a $22.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Goldcorp presently has a consensus rating of “Hold” and an average target price of $19.53.

About Goldcorp

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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