Timber Hill LLC Has $239,000 Stake in Goldcorp Inc. (GG)
Timber Hill LLC increased its holdings in Goldcorp Inc. (NYSE:GG) (TSE:G) by 476.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,464 shares of the basic materials company’s stock after buying an additional 23,371 shares during the period. Timber Hill LLC’s holdings in Goldcorp were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its position in Goldcorp by 55.6% during the first quarter. Nomura Asset Management Co. Ltd. now owns 8,400 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 3,000 shares in the last quarter. Highlander Capital Management LLC raised its position in Goldcorp by 4.7% during the second quarter. Highlander Capital Management LLC now owns 11,125 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 500 shares in the last quarter. First Allied Advisory Services Inc. acquired a new position in Goldcorp during the second quarter valued at approximately $155,000. Bourgeon Capital Management LLC acquired a new position in Goldcorp during the second quarter valued at approximately $161,000. Finally, Koch Industries Inc. acquired a new position in Goldcorp during the second quarter valued at approximately $163,000. Institutional investors own 54.77% of the company’s stock.
Several brokerages have commented on GG. Scotiabank set a $18.00 price objective on shares of Goldcorp and gave the company an “outperform” rating in a research report on Thursday, July 27th. National Bank Financial downgraded shares of Goldcorp from an “outperform” rating to a “sector perform” rating in a report on Monday, July 24th. Morgan Stanley reiterated an “overweight” rating on shares of Goldcorp in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Finally, J P Morgan Chase & Co upped their price target on shares of Goldcorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.92.
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Shares of Goldcorp Inc. (NYSE GG) traded up $0.16 during trading on Friday, hitting $13.41. 9,280,000 shares of the company traded hands, compared to its average volume of 6,070,000. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. Goldcorp Inc. has a one year low of $11.91 and a one year high of $17.87. The company has a market capitalization of $11,770.00, a PE ratio of 24.98, a price-to-earnings-growth ratio of 3.32 and a beta of -0.07.
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.
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