Saddle Road Partners Exits Position in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Saddle Road Partners has sold out all of its stake in Goldcorp (USA) during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 1,091 shares of Goldcorp (USA) which is valued at $18,634.

Goldcorp (USA) opened for trading at $17.65 and hit $17.98 on the upside on Wednesday, eventually ending the session at $17.86, with a gain of 1.71% or 0.3 points. The heightened volatility saw the trading volume jump to 1,07,65,426 shares. Company has a market cap of $14,830 M.

Other Hedge Funds, Including , Jolley Asset Management sold out all of its stake in GG during the most recent quarter. The investment firm sold 500 shares of GG which is valued $8,540.Montrusco Bolton Investments reduced its stake in GG by selling 177,494 shares or 9.25% in the most recent quarter. The Hedge Fund company now holds 1,740,377 shares of GG which is valued at $29,725,639. Goldcorp (USA) makes up approx 2.33% of Montrusco Bolton Investments’s portfolio. P.r. Herzig added GG to its portfolio by purchasing 34,400 company shares during the most recent quarter which is valued at $587,552. Goldcorp (USA) makes up approx 1.25% of P.r. Herzig’s portfolio.Creative Planning reduced its stake in GG by selling 8,616 shares or 22.68% in the most recent quarter. The Hedge Fund company now holds 29,372 shares of GG which is valued at $522,234.Rathbone Brothers Plc boosted its stake in GG in the latest quarter, The investment management firm added 16,070 additional shares and now holds a total of 49,720 shares of Goldcorp (USA) which is valued at $884,022. Goldcorp (USA) makes up approx 0.05% of Rathbone Brothers Plc’s portfolio.

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). 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 (USA) was Downgraded by Macquarie to ” Neutral” on Mar 15, 2016.

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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