Goldcorp (USA) (GG) : Sailingstone Capital Partners reduced its stake in Goldcorp (USA) by 92.78% during the most recent quarter end. The investment management company now holds a total of 356,962 shares of Goldcorp (USA) which is valued at $6,739,443 after selling 4,586,452 shares in Goldcorp (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Goldcorp (USA) makes up approximately 0.14% of Sailingstone Capital Partners’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in GG by selling 123,340 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 1,487,726 shares of GG which is valued at $28,088,267. Goldcorp (USA) makes up approx 0.15% of Susquehanna International Group Llp’s portfolio. Zweig-dimenna Associates sold out all of its stake in GG during the most recent quarter. The investment firm sold 717,500 shares of GG which is valued $13,603,800.Washington Capital Management Inc reduced its stake in GG by selling 19,350 shares or 47.43% in the most recent quarter. The Hedge Fund company now holds 21,450 shares of GG which is valued at $374,517. Goldcorp (USA) makes up approx 0.51% of Washington Capital Management Inc’s portfolio.Capital Fund Management S.a. boosted its stake in GG in the latest quarter, The investment management firm added 373,810 additional shares and now holds a total of 1,640,357 shares of Goldcorp (USA) which is valued at $30,920,729. Goldcorp (USA) makes up approx 0.53% of Capital Fund Management S.a.’s portfolio.Millie Capital Management boosted its stake in GG in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 112,181 shares of Goldcorp (USA) which is valued at $2,054,034. Goldcorp (USA) makes up approx 2.12% of Millie Capital Management’s portfolio.
Goldcorp (USA) opened for trading at $15.12 and hit $15.71 on the upside on Thursday, eventually ending the session at $15.61, with a gain of 2.43% or 0.37 points. The heightened volatility saw the trading volume jump to 98,30,069 shares. Company has a market cap of $13,315 M.
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.
Investors should note that on Sep 2, 2016, Goldcorp (USA) announced a cash dividend of $0.0200. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 23, 2016.
Many Wall Street Analysts have commented on Goldcorp (USA). Goldcorp (USA) was Initiated by Berenberg to “Hold” on Sep 7, 2016. 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.