Greystone Managed Investments buys $139,335,952 stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Greystone Managed Investments scooped up 881,782 additional shares in Goldcorp (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 7,889,918 shares of Goldcorp (USA) which is valued at $139,335,952.Goldcorp (USA) makes up approximately 5.45% of Greystone Managed Investments’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management added GG to its portfolio by purchasing 1,611 company shares during the most recent quarter which is valued at $28,450. Goldcorp (USA) makes up approx 0.02% of Acrospire Investment Management’s portfolio.Brighton Jones reduced its stake in GG by selling 558 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 18,354 shares of GG which is valued at $331,840. Goldcorp (USA) makes up approx 0.06% of Brighton Jones’s portfolio.Evercore Wealth Management reduced its stake in GG by selling 8,550 shares or 56.25% in the most recent quarter. The Hedge Fund company now holds 6,650 shares of GG which is valued at $120,232. Goldcorp (USA) makes up approx 0.01% of Evercore Wealth Management’s portfolio. Fox Run Management L.l.c. added GG to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $449,250. Goldcorp (USA) makes up approx 0.21% of Fox Run Management L.l.c.’s portfolio.

Goldcorp (USA) closed down -0.33 points or -1.75% at $18.5 with 89,76,546 shares getting traded on Wednesday. Post opening the session at $18.66, the shares hit an intraday low of $18.06 and an intraday high of $18.68 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 $-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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