Goldcorp Inc. (GG) Shares Bought by Aperio Group LLC
Aperio Group LLC raised its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 68.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,545 shares of the company’s stock after buying an additional 119,324 shares during the period. Aperio Group LLC’s holdings in Goldcorp were worth $4,833,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Goldcorp by 19.5% in the second quarter. Van ECK Associates Corp now owns 47,198,082 shares of the company’s stock worth $902,899,000 after buying an additional 7,717,003 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Goldcorp during the second quarter worth approximately $98,893,000. AQR Capital Management LLC boosted its position in shares of Goldcorp by 156.6% in the second quarter. AQR Capital Management LLC now owns 4,573,444 shares of the company’s stock worth $87,055,000 after buying an additional 2,791,174 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Goldcorp during the second quarter worth approximately $44,336,000. Finally, Vanguard Group Inc. boosted its position in shares of Goldcorp by 13.3% in the second quarter. Vanguard Group Inc. now owns 17,266,416 shares of the company’s stock worth $330,306,000 after buying an additional 2,020,730 shares during the last quarter. 57.26% of the stock is currently owned by hedge funds and other institutional investors.
Goldcorp Inc. (NYSE:GG) traded down 1.86% during trading on Wednesday, hitting $13.19. 9,196,222 shares of the company’s stock traded hands. The company’s 50 day moving average is $14.44 and its 200-day moving average is $16.74. Goldcorp Inc. has a 12 month low of $9.46 and a 12 month high of $20.38. The stock’s market cap is $11.26 billion.
Goldcorp (NYSE:GG) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm earned $1.15 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, analysts predict that Goldcorp Inc. will post $0.31 earnings per share for the current year.
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Several research analysts recently issued reports on GG shares. RBC Capital Markets reaffirmed an “underperform” rating on shares of Goldcorp in a research report on Wednesday, October 26th. Deutsche Bank AG raised Goldcorp from a “sell” rating to a “hold” rating and raised their target price for the stock from $15.00 to $16.00 in a research report on Monday, October 3rd. National Bank Financial started coverage on Goldcorp in a research report on Thursday, September 8th. They set an “outperform” rating for the company. Morgan Stanley started coverage on Goldcorp in a research report on Tuesday, August 9th. They set an “overweight” rating and a $22.00 target price for the company. Finally, Zacks Investment Research lowered Goldcorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.53.
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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