World Asset Management Inc decreased its holdings in Goldcorp Inc. (NYSE:GG) (TSE:G) by 40.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,151 shares of the basic materials company’s stock after selling 8,960 shares during the quarter. World Asset Management Inc’s holdings in Goldcorp were worth $129,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. We Are One Seven LLC acquired a new position in shares of Goldcorp in the 4th quarter valued at $92,000. Cedar Wealth Management LLC grew its holdings in shares of Goldcorp by 12.4% in the 4th quarter. Cedar Wealth Management LLC now owns 53,322 shares of the basic materials company’s stock worth $523,000 after purchasing an additional 5,880 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Goldcorp by 884.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,173,882 shares of the basic materials company’s stock worth $21,303,000 after purchasing an additional 1,953,047 shares during the last quarter. Clean Yield Group grew its holdings in shares of Goldcorp by 32.4% in the 4th quarter. Clean Yield Group now owns 78,400 shares of the basic materials company’s stock worth $768,000 after purchasing an additional 19,180 shares during the last quarter. Finally, Intact Investment Management Inc. grew its holdings in shares of Goldcorp by 21.1% in the 4th quarter. Intact Investment Management Inc. now owns 1,822,700 shares of the basic materials company’s stock worth $24,260,000 after purchasing an additional 317,300 shares during the last quarter. Institutional investors own 54.86% of the company’s stock.

Shares of NYSE:GG opened at $11.05 on Friday. Goldcorp Inc. has a 12 month low of $8.42 and a 12 month high of $14.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.48 and a current ratio of 0.83. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 73.40 and a beta of 0.30.

Several equities research analysts have recently weighed in on GG shares. HSBC raised shares of Goldcorp from a “hold” rating to a “buy” rating in a report on Friday, November 16th. UBS Group started coverage on shares of Goldcorp in a report on Friday, January 4th. They issued a “buy” rating and a $12.00 target price on the stock. BMO Capital Markets raised shares of Goldcorp from a “market perform” rating to an “outperform” rating and set a $14.79 target price on the stock in a report on Thursday, October 25th. They noted that the move was a valuation call. TheStreet lowered shares of Goldcorp from a “c-” rating to a “d+” rating in a report on Tuesday, November 13th. Finally, Royal Bank of Canada lowered their target price on shares of Goldcorp from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.63.

ILLEGAL ACTIVITY WARNING: “World Asset Management Inc Sells 8,960 Shares of Goldcorp Inc. (GG)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2019/02/09/world-asset-management-inc-sells-8960-shares-of-goldcorp-inc-gg.html.

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.

See Also: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding GG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldcorp Inc. (NYSE:GG) (TSE:G).

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

Receive News & Ratings for Goldcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp and related companies with MarketBeat.com's FREE daily email newsletter.