Goldcorp (USA) (GG) : Gratus Capital added new position in Goldcorp (USA) during the most recent quarter end. The investment management firm now holds 396,450 shares of Goldcorp (USA) which is valued at $7.1 Million , the company said in a statement filed on May 11, 2016 with the SEC.Goldcorp (USA) makes up approximately 1.58% of Gratus Capital’s portfolio.
Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in GG by selling 57,121 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 977,637 shares of GG which is valued at $17.6 Million. Goldcorp (USA) makes up approx 0.43% of Shell Asset Management Co’s portfolio.Sentry Investment Management reduced its stake in GG by selling 5,800 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 143,566 shares of GG which is valued at $2.6 Million. Goldcorp (USA) makes up approx 0.12% of Sentry Investment Management’s portfolio.Washington Capital Management Inc reduced its stake in GG by selling 6,255 shares or 13.29% in the most recent quarter. The Hedge Fund company now holds 40,800 shares of GG which is valued at $732,768. Goldcorp (USA) makes up approx 0.53% of Washington Capital Management Inc’s portfolio.Nine Chapters Capital Management boosted its stake in GG in the latest quarter, The investment management firm added 29,600 additional shares and now holds a total of 68,800 shares of Goldcorp (USA) which is valued at $1.2 Million. Goldcorp (USA) makes up approx 0.11% of Nine Chapters Capital Management’s portfolio. New Harbor Financial Group sold out all of its stake in GG during the most recent quarter. The investment firm sold 340 shares of GG which is valued $6,525.
Goldcorp (USA) opened for trading at $18.39 and hit $18.825 on the upside on Monday, eventually ending the session at $18.49, with a gain of 2.95% or 0.53 points. The heightened volatility saw the trading volume jump to 91,93,819 shares. Company has a market cap of $15,384 M.
On the company’s financial health, Goldcorp (USA) reported $-5.14 EPS for the quarter, missing the analyst consensus estimate by $ -5.14 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.00. The company had revenue of $1238.00 million for the quarter, compared to analysts expectations of $1074.76 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on Goldcorp (USA). Goldcorp (USA) was Downgraded by Goldman to ” Neutral” on May 11, 2016. Company shares were Downgraded by RBC Capital Mkts on Apr 11, 2016 to ” Underperform”, Firm has raised the Price Target to $ 16.50 from a previous price target of $12 .Company shares were Downgraded by UBS on Mar 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 17 from a previous price target of $16.50 .
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition exploration development and operation of gold properties in Canada the United States Mexico and Central and South America. The Company’s principal products are gold and the byproduct silver copper lead and zinc. Goldcorp’s operating assets include four mines in Canada two mines in Mexico and four in Central and South America.