Advisor Group Inc. Acquires 637 Shares of Goldcorp Inc. (GG)
Advisor Group Inc. boosted its holdings in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,603 shares of the basic materials company’s stock after purchasing an additional 637 shares during the quarter. Advisor Group Inc.’s holdings in Goldcorp were worth $620,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in GG. State Board of Administration of Florida Retirement System raised its stake in Goldcorp by 21.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,881 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 3,500 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Goldcorp by 0.5% during the first quarter. UBS Asset Management Americas Inc. now owns 3,478,456 shares of the basic materials company’s stock valued at $50,600,000 after purchasing an additional 18,720 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Goldcorp by 48.3% during the first quarter. Parametric Portfolio Associates LLC now owns 130,857 shares of the basic materials company’s stock valued at $1,909,000 after purchasing an additional 42,613 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Goldcorp by 16.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 46,074 shares of the basic materials company’s stock valued at $672,000 after purchasing an additional 6,458 shares in the last quarter. Finally, BB&T Securities LLC purchased a new stake in Goldcorp during the first quarter valued at $161,000. 53.97% of the stock is currently owned by institutional investors.
Goldcorp Inc. (NYSE GG) opened at 13.26 on Friday. The company has a market cap of $11.47 billion, a PE ratio of 24.33 and a beta of -0.07. Goldcorp Inc. has a 52-week low of $11.91 and a 52-week high of $17.87. The firm’s 50-day moving average is $13.27 and its 200-day moving average is $13.69. Goldcorp also was the target of unusually large options trading on Tuesday. Traders bought 4,401 put options on the stock. This represents an increase of approximately 116% compared to the typical daily volume of 2,038 put options.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, September 14th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, September 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.60%. Goldcorp’s dividend payout ratio is presently 14.55%.
GG has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Macquarie raised shares of Goldcorp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Goldcorp in a research note on Friday, July 21st. BidaskClub raised shares of Goldcorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, TD Securities reaffirmed a “buy” rating on shares of Goldcorp in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Goldcorp has an average rating of “Hold” and an average price target of $16.66.
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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