Pcj Investment Counsel Ltd. buys $54,997,950 stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Pcj Investment Counsel Ltd. scooped up 746,380 additional shares in Goldcorp (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,913,027 shares of Goldcorp (USA) which is valued at $54,997,950.Goldcorp (USA) makes up approximately 3.09% of Pcj Investment Counsel Ltd.’s portfolio.

Other Hedge Funds, Including , Alyeska Investment Group sold out all of its stake in GG during the most recent quarter. The investment firm sold 499,531 shares of GG which is valued $9,431,145.Korea Investment Corp boosted its stake in GG in the latest quarter, The investment management firm added 17,800 additional shares and now holds a total of 43,700 shares of Goldcorp (USA) which is valued at $825,056.Bnp Paribas Investment Partners S.a. boosted its stake in GG in the latest quarter, The investment management firm added 20,015 additional shares and now holds a total of 215,113 shares of Goldcorp (USA) which is valued at $4,078,542. Goldcorp (USA) makes up approx 0.03% of Bnp Paribas Investment Partners S.a.’s portfolio.I.g. Investment Management Ltd. boosted its stake in GG in the latest quarter, The investment management firm added 527,083 additional shares and now holds a total of 2,621,583 shares of Goldcorp (USA) which is valued at $45,772,839. Goldcorp (USA) makes up approx 0.18% of I.g. Investment Management Ltd.’s portfolio.Cibc World Markets boosted its stake in GG in the latest quarter, The investment management firm added 271,369 additional shares and now holds a total of 11,193,470 shares of Goldcorp (USA) which is valued at $204,952,436. Goldcorp (USA) makes up approx 0.88% of Cibc World Markets’s portfolio.

Goldcorp (USA) closed down -0.12 points or -0.72% at $16.66 with 8,557,194 shares getting traded on Wednesday. Post opening the session at $16.75, the shares hit an intraday low of $16.35 and an intraday high of $16.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Goldcorp (USA) reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.04. The company had revenue of $921.00 million for the quarter, compared to analysts expectations of $902.71 million. The company’s revenue was down -30.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Investors should note that on Sep 2, 2016, Goldcorp (USA) announced a cash dividend of $0.0200. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 23, 2016.

Many Wall Street Analysts have commented on Goldcorp (USA). Goldcorp (USA) was Initiated by Berenberg to “Hold” on Sep 7, 2016. Goldcorp (USA) was Initiated by Morgan Stanley to “Overweight” on Aug 9, 2016. Citigroup Initiated Goldcorp (USA) on Aug 2, 2016 to “Neutral”, Price Target of the shares are set at $20.

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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