Goldcorp Inc. (GG) Shares Sold by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. cut its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 38.4% during the first quarter, Holdings Channel reports. The fund owned 28,122 shares of the basic materials company’s stock after selling 17,532 shares during the period. Rothschild Asset Management Inc.’s holdings in Goldcorp were worth $546,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in GG. Van ECK Associates Corp raised its stake in shares of Goldcorp by 5.6% in the first quarter. Van ECK Associates Corp now owns 58,304,591 shares of the basic materials company’s stock worth $850,663,000 after buying an additional 3,112,702 shares during the last quarter. FMR LLC raised its stake in shares of Goldcorp by 163.8% in the first quarter. FMR LLC now owns 17,612,338 shares of the basic materials company’s stock worth $256,931,000 after buying an additional 10,937,064 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Goldcorp by 4.3% in the first quarter. TD Asset Management Inc. now owns 16,363,749 shares of the basic materials company’s stock worth $238,040,000 after buying an additional 681,367 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Goldcorp by 1.6% in the first quarter. Artisan Partners Limited Partnership now owns 15,412,581 shares of the basic materials company’s stock worth $224,870,000 after buying an additional 246,922 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Goldcorp by 2.3% in the first quarter. Bank of Montreal Can now owns 14,867,809 shares of the basic materials company’s stock worth $216,922,000 after buying an additional 340,079 shares during the last quarter. 56.84% of the stock is owned by institutional investors.
Shares of Goldcorp Inc. (NYSE GG) traded up 0.23% during trading on Friday, hitting $13.12. The stock had a trading volume of 8,928,295 shares. The stock has a 50-day moving average price of $13.71 and a 200 day moving average price of $14.62. Goldcorp Inc. has a 12 month low of $11.91 and a 12 month high of $20.38. The company has a market cap of $11.23 billion, a P/E ratio of 44.93 and a beta of 0.04.
Goldcorp (NYSE:GG) (TSE:G) last issued its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. The firm had revenue of $882 million during the quarter, compared to analysts’ expectations of $929.91 million. Goldcorp had a return on equity of 2.72% and a net margin of 7.31%. During the same period in the prior year, the business posted $0.10 EPS. Equities analysts expect that Goldcorp Inc. will post $0.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, June 15th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Tuesday, June 13th. Goldcorp’s dividend payout ratio (DPR) is currently 26.67%.
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Several equities analysts have commented on the company. Morgan Stanley reissued an “overweight” rating and set a $17.00 price objective on shares of Goldcorp in a research report on Monday, May 1st. Zacks Investment Research raised Goldcorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Royal Bank Of Canada set a $17.00 price objective on Goldcorp and gave the company a “hold” rating in a research report on Wednesday, May 24th. Jefferies Group LLC set a $15.00 price objective on Goldcorp and gave the company a “hold” rating in a research report on Friday, May 19th. Finally, TheStreet raised Goldcorp from a “d+” rating to a “c-” rating in a research report on Friday, February 17th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.82.
Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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