Bridgewater Associates Lp buys $32,460,856 stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Bridgewater Associates Lp scooped up 753,530 additional shares in Goldcorp (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,719,325 shares of Goldcorp (USA) which is valued at $32,460,856.Goldcorp (USA) makes up approximately 0.38% of Bridgewater Associates Lp’s portfolio.

Other Hedge Funds, Including , Seatown Holdings Pte. Ltd. sold out all of its stake in GG during the most recent quarter. The investment firm sold 665,000 shares of GG which is valued $12,555,200.Point View Wealth Management reduced its stake in GG by selling 331 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 23,453 shares of GG which is valued at $409,489. Goldcorp (USA) makes up approx 0.24% of Point View Wealth Management’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.Dekabank Deutsche Girozentrale boosted its stake in GG in the latest quarter, The investment management firm added 49,537 additional shares and now holds a total of 636,262 shares of Goldcorp (USA) which is valued at $11,109,135. Goldcorp (USA) makes up approx 0.12% of Dekabank Deutsche Girozentrale’s portfolio.Gabelli Funds reduced its stake in GG by selling 680,000 shares or 18.89% in the most recent quarter. The Hedge Fund company now holds 2,920,000 shares of GG which is valued at $50,983,200. Goldcorp (USA) makes up approx 0.30% of Gabelli Funds’s portfolio.

Goldcorp (USA) closed down -0.37 points or -1.98% at $18.33 with 95,72,548 shares getting traded on Friday. Post opening the session at $18.33, the shares hit an intraday low of $18.17 and an intraday high of $18.505 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on Goldcorp (USA). 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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