Ruffer Llp buys $84 Million stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Ruffer Llp scooped up 608,764 additional shares in Goldcorp (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 4,676,640 shares of Goldcorp (USA) which is valued at $84 Million.Goldcorp (USA) makes up approximately 3.40% of Ruffer Llp’s portfolio.

Other Hedge Funds, Including , Goodhaven Capital Management sold out all of its stake in GG during the most recent quarter. The investment firm sold 91,800 shares of GG which is valued $1.6 Million.Spot Trading L.l.c boosted its stake in GG in the latest quarter, The investment management firm added 69,404 additional shares and now holds a total of 69,996 shares of Goldcorp (USA) which is valued at $1.3 Million. Goldcorp (USA) makes up approx 0.17% of Spot Trading L.l.c’s portfolio. Us Financial Advisors sold out all of its stake in GG during the most recent quarter. The investment firm sold 200 shares of GG which is valued $3,838.Russell Frank Co reduced its stake in GG by selling 207,604 shares or 8.2% in the most recent quarter. The Hedge Fund company now holds 2,324,629 shares of GG which is valued at $46.8 Million. Goldcorp (USA) makes up approx 0.08% of Russell Frank Co’s portfolio.

Goldcorp (USA) opened for trading at $17.49 and hit $17.53 on the upside on Friday, eventually ending the session at $17.37, with a gain of 0.46% or 0.08 points. The heightened volatility saw the trading volume jump to 72,28,105 shares. Company has a market cap of $14,452 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.

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