Smith Affiliated Capital Corp. buys $59,131 stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Smith Affiliated Capital Corp. scooped up 926 additional shares in Goldcorp (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 3,526 shares of Goldcorp (USA) which is valued at $59,131.Goldcorp (USA) makes up approximately 0.03% of Smith Affiliated Capital Corp.’s portfolio.

Goldcorp (USA) opened for trading at $16.59 and hit $16.91 on the upside on Friday, eventually ending the session at $16.77, with a gain of 1.21% or 0.2 points. The heightened volatility saw the trading volume jump to 94,19,168 shares. Company has a market cap of $13,925 M.

Other Hedge Funds, Including , Prospera Financial Services Inc boosted its stake in GG in the latest quarter, The investment management firm added 3,880 additional shares and now holds a total of 133,160 shares of Goldcorp (USA) which is valued at $2,233,093. Goldcorp (USA) makes up approx 0.49% of Prospera Financial Services Inc’s portfolio.Capstone Asset Management Co boosted its stake in GG in the latest quarter, The investment management firm added 9,754 additional shares and now holds a total of 122,309 shares of Goldcorp (USA) which is valued at $2,051,122. Goldcorp (USA) makes up approx 0.06% of Capstone Asset Management Co’s portfolio. Edge Wealth Management sold out all of its stake in GG during the most recent quarter. The investment firm sold 9,650 shares of GG which is valued $171,577.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.Foundation Resource Management Inc boosted its stake in GG in the latest quarter, The investment management firm added 15,760 additional shares and now holds a total of 633,332 shares of Goldcorp (USA) which is valued at $11,260,643. Goldcorp (USA) makes up approx 2.27% of Foundation Resource Management Inc’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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