Bennicas Associates Lowers stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Bennicas Associates reduced its stake in Goldcorp (USA) by 0.12% during the most recent quarter end. The investment management company now holds a total of 119,600 shares of Goldcorp (USA) which is valued at $2,149,212 after selling 140 shares in Goldcorp (USA) , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Goldcorp (USA) makes up approximately 1.89% of Bennicas Associates’s portfolio.

Other Hedge Funds, Including , Lowe Fs boosted its stake in GG in the latest quarter, The investment management firm added 306 additional shares and now holds a total of 66,826 shares of Goldcorp (USA) which is valued at $1,200,863. Goldcorp (USA) makes up approx 0.79% of Lowe Fs’s portfolio.First Manhattan Co reduced its stake in GG by selling 699 shares or 10.26% in the most recent quarter. The Hedge Fund company now holds 6,113 shares of GG which is valued at $118,714.Capstone Asset Management Co reduced its stake in GG by selling 44,060 shares or 36.02% in the most recent quarter. The Hedge Fund company now holds 78,249 shares of GG which is valued at $1,524,291. Goldcorp (USA) makes up approx 0.04% of Capstone Asset Management Co’s portfolio.

Goldcorp (USA) closed down -1.09 points or -5.72% at $17.97 with 1,05,71,803 shares getting traded on Wednesday. Post opening the session at $18.67, the shares hit an intraday low of $17.87 and an intraday high of $18.7 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 $-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.

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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