Advisor Partners LLC acquired a new stake in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 10,520 shares of the basic materials company’s stock, valued at approximately $107,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners purchased a new stake in Goldcorp during the 2nd quarter valued at approximately $174,000. First Manhattan Co. purchased a new position in shares of Goldcorp in the third quarter valued at $133,000. Private Advisor Group LLC purchased a new position in shares of Goldcorp in the third quarter valued at $135,000. Centaurus Financial Inc. purchased a new position in shares of Goldcorp in the second quarter valued at $190,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Goldcorp in the second quarter valued at $231,000. 55.08% of the stock is owned by institutional investors and hedge funds.

NYSE GG opened at $9.27 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 12.20 and a beta of 0.09. Goldcorp Inc. has a 52 week low of $8.42 and a 52 week high of $15.55.

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

A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of Goldcorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Citigroup lowered shares of Goldcorp from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Tuesday, September 25th. BMO Capital Markets raised shares of Goldcorp from a “market perform” rating to an “outperform” rating and set a $14.79 target price for the company in a report on Thursday, October 25th. They noted that the move was a valuation call. Raymond James cut their target price on shares of Goldcorp from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, September 20th. Finally, Royal Bank of Canada cut their target price on shares of Goldcorp from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given 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 $15.58.

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Goldcorp 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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