Edmond De Rothschild (suisse) S.a. buys $2,336,872 stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Edmond De Rothschild (suisse) S.a. scooped up 7,000 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 123,775 shares of Goldcorp (USA) which is valued at $2,336,872.Goldcorp (USA) makes up approximately 0.75% of Edmond De Rothschild (suisse) S.a.’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd added GG to its portfolio by purchasing 26,648 company shares during the most recent quarter which is valued at $503,114. Goldcorp (USA) makes up approx 0.13% of Dynamic Technology Lab Private Ltd’s portfolio.Dimensional Fund Advisors Lp boosted its stake in GG in the latest quarter, The investment management firm added 188,455 additional shares and now holds a total of 2,445,141 shares of Goldcorp (USA) which is valued at $43,181,190. Goldcorp (USA) makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio. Quantitative Investment Management sold out all of its stake in GG during the most recent quarter. The investment firm sold 223,200 shares of GG which is valued $4,035,456.Advisory Services Network boosted its stake in GG in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 4,816 shares of Goldcorp (USA) which is valued at $90,782. Goldcorp (USA) makes up approx 0.02% of Advisory Services Network’s portfolio.Cibc World Markets boosted its stake in GG in the latest quarter, The investment management firm added 271,369 additional shares and now holds a total of 11,193,470 shares of Goldcorp (USA) which is valued at $204,952,436. Goldcorp (USA) makes up approx 0.88% of Cibc World Markets’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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