TSP Capital Management Group LLC acquired a new position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 608,352 shares of the basic materials company’s stock, valued at approximately $7,854,000. Goldcorp makes up about 3.6% of TSP Capital Management Group LLC’s holdings, making the stock its 5th largest position. TSP Capital Management Group LLC owned 0.07% of Goldcorp as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Interstate Bank boosted its position in 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 buying an additional 150 shares during the period. Lowe Wealth Advisors LLC raised its stake 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 buying an additional 272 shares in the last quarter. Regal Investment Advisors LLC raised its stake 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 buying an additional 417 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Goldcorp by 2.9% in the second quarter. Brighton Jones LLC now owns 18,784 shares of the basic materials company’s stock valued at $243,000 after buying an additional 522 shares in the last quarter. Finally, Jarislowsky Fraser Ltd raised its stake 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 buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 53.99% of the company’s stock.

Goldcorp Inc. (NYSE GG) opened at 13.72 on Tuesday. Goldcorp Inc. has a 12 month low of $11.91 and a 12 month high of $17.87. The firm has a 50-day moving average price of $13.03 and a 200 day moving average price of $14.22. The stock has a market capitalization of $11.87 billion, a PE ratio of 25.17 and a beta of 0.02.

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GG has been the subject of several research reports. BidaskClub lowered Goldcorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Royal Bank Of Canada dropped their price target on Goldcorp from $16.00 to $15.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 15th. TD Securities reaffirmed a “buy” rating on shares of Goldcorp in a research note on Thursday, June 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Goldcorp in a research note on Friday, July 21st. Finally, Barclays PLC reiterated an “overweight” rating and issued a $18.00 price objective (down previously from $19.00) on shares of Goldcorp in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.64.

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.

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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