Gamco Investors INC. ET AL increased its holdings in Goldcorp Inc. (NYSE:GG) (TSE:G) by 21.6% in the fourth quarter, HoldingsChannel reports. The firm owned 65,770 shares of the basic materials company’s stock after acquiring an additional 11,700 shares during the period. Gamco Investors INC. ET AL’s holdings in Goldcorp were worth $645,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in shares of Goldcorp by 28.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 47,359 shares of the basic materials company’s stock worth $464,000 after acquiring an additional 10,555 shares in the last quarter. Heathbridge Capital Management Ltd. increased its stake in shares of Goldcorp by 3.3% in the 4th quarter. Heathbridge Capital Management Ltd. now owns 2,648,800 shares of the basic materials company’s stock worth $25,960,000 after acquiring an additional 85,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Goldcorp by 3.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 468,963 shares of the basic materials company’s stock worth $4,591,000 after acquiring an additional 14,589 shares in the last quarter. Pembroke Management LTD bought a new position in shares of Goldcorp in the 4th quarter worth about $134,000. Finally, We Are One Seven LLC bought a new position in shares of Goldcorp in the 4th quarter worth about $92,000. 54.86% of the stock is owned by institutional investors.

Several research analysts recently issued reports on GG shares. Scotiabank set a $13.00 price target on shares of Goldcorp and gave the stock a “buy” rating in a research note on Friday, October 26th. Canaccord Genuity reiterated a “buy” rating on shares of Goldcorp in a research note on Thursday, October 25th. UBS Group started coverage on shares of Goldcorp in a research note on Friday, January 4th. They issued a “buy” rating and a $12.00 price target for the company. HSBC upgraded shares of Goldcorp from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Finally, TheStreet lowered shares of Goldcorp from a “c-” rating to a “d+” rating in a research note on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Goldcorp presently has an average rating of “Hold” and an average price target of $13.63.

Shares of GG stock opened at $11.05 on Friday. Goldcorp Inc. has a one year low of $8.42 and a one year high of $14.66. The stock has a market cap of $9.55 billion, a P/E ratio of 73.40 and a beta of 0.30. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 0.18.

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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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