World Asset Management Inc Sells 8,960 Shares of Goldcorp Inc. (GG)
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.
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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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