AGF Investments Inc. increased its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 6.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,171,867 shares of the basic materials company’s stock after buying an additional 236,140 shares during the period. AGF Investments Inc. owned 0.48% of Goldcorp worth $42,537,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GG. Advisor Partners LLC acquired a new position in Goldcorp during the third quarter valued at approximately $107,000. Boston Partners acquired a new position in Goldcorp during the second quarter valued at approximately $174,000. First Manhattan Co. acquired a new position in Goldcorp during the third quarter valued at approximately $133,000. Private Advisor Group LLC acquired a new position in Goldcorp during the third quarter valued at approximately $135,000. Finally, Centaurus Financial Inc. acquired a new position in Goldcorp during the second quarter valued at approximately $190,000. Hedge funds and other institutional investors own 55.08% of the company’s stock.

GG opened at $8.88 on Wednesday. Goldcorp Inc. has a 1-year low of $8.42 and a 1-year high of $15.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.48. The company has a market capitalization of $7.99 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 12.46 and a beta of 0.09.

Goldcorp (NYSE:GG) (TSE:G) last posted its quarterly earnings data on Wednesday, October 24th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Goldcorp had a net margin of 2.47% and a return on equity of 0.97%. The business had revenue of $621.00 million during the quarter, compared to the consensus estimate of $714.46 million. As a group, sell-side analysts predict that Goldcorp Inc. will post 0.07 EPS for the current year.

GG has been the topic of several analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of Goldcorp in a report on Monday, September 10th. Citigroup downgraded Goldcorp from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Tuesday, September 25th. Zacks Investment Research downgraded Goldcorp from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Jefferies Financial Group reiterated a “hold” rating and set a $11.50 price target on shares of Goldcorp in a report on Monday, October 8th. Finally, BMO Capital Markets upgraded Goldcorp from a “market perform” rating to an “outperform” rating and set a $14.79 price target on the stock in a report on Thursday, October 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.58.

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Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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