Semper Augustus Investments Group Lowers stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Semper Augustus Investments Group reduced its stake in Goldcorp (USA) by 1.28% during the most recent quarter end. The investment management company now holds a total of 375,037 shares of Goldcorp (USA) which is valued at $6.7 Million after selling 4,864 shares in Goldcorp (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.Goldcorp (USA) makes up approximately 4.72% of Semper Augustus Investments Group’s portfolio.

Other Hedge Funds, Including , Krilogy Financial added GG to its portfolio by purchasing 150 company shares during the most recent quarter which is valued at $2,694.Ifp Advisors Inc boosted its stake in GG in the latest quarter, The investment management firm added 491 additional shares and now holds a total of 1,268 shares of Goldcorp (USA) which is valued at $24,333.

Goldcorp (USA) opened for trading at $16.24 and hit $16.895 on the upside on Wednesday, eventually ending the session at $16.78, with a gain of 2.32% or 0.38 points. The heightened volatility saw the trading volume jump to 1,26,03,068 shares. Company has a market cap of $13,961 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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