Lowe Wealth Advisors LLC decreased its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,334 shares of the basic materials company’s stock after selling 5,197 shares during the quarter. Goldcorp accounts for about 0.5% of Lowe Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Lowe Wealth Advisors LLC’s holdings in Goldcorp were worth $758,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in GG. Ruffer LLP lifted its stake in Goldcorp by 73.2% in the 3rd quarter. Ruffer LLP now owns 14,857,704 shares of the basic materials company’s stock valued at $151,473,000 after buying an additional 6,277,498 shares in the last quarter. Franklin Resources Inc. lifted its stake in Goldcorp by 34.1% in the 3rd quarter. Franklin Resources Inc. now owns 16,506,800 shares of the basic materials company’s stock valued at $168,091,000 after buying an additional 4,198,072 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Goldcorp by 52.4% in the 3rd quarter. Mackenzie Financial Corp now owns 9,621,784 shares of the basic materials company’s stock valued at $98,142,000 after buying an additional 3,308,355 shares in the last quarter. TD Asset Management Inc. lifted its stake in Goldcorp by 15.8% in the 3rd quarter. TD Asset Management Inc. now owns 14,928,339 shares of the basic materials company’s stock valued at $151,986,000 after buying an additional 2,036,742 shares in the last quarter. Finally, Majedie Asset Management Ltd lifted its stake in Goldcorp by 15.8% in the 3rd quarter. Majedie Asset Management Ltd now owns 10,034,717 shares of the basic materials company’s stock valued at $102,354,000 after buying an additional 1,371,946 shares in the last quarter. 54.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Goldcorp stock traded down $0.10 during trading hours on Thursday, hitting $9.64. 6,331,111 shares of the company’s stock traded hands, compared to its average volume of 8,135,579. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.48. The company has a market capitalization of $8.44 billion, a PE ratio of 24.10, a P/E/G ratio of 3.25 and a beta of 0.02. Goldcorp Inc. has a twelve month low of $8.42 and a twelve month high of $15.55.
Goldcorp (NYSE:GG) (TSE:G) last announced its earnings results on Wednesday, October 24th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Goldcorp had a net margin of 2.47% and a return on equity of 0.97%. The business had revenue of $621.00 million for the quarter, compared to analyst estimates of $714.46 million. On average, equities analysts expect that Goldcorp Inc. will post 0.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Thursday, December 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, December 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.83%. Goldcorp’s payout ratio is 20.00%.
A number of research analysts have weighed in on GG shares. Vertical Research lowered Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday. Macquarie lowered Goldcorp from an “outperform” rating to a “neutral” rating in a research note on Monday. UBS Group started coverage on Goldcorp in a research note on Friday, January 4th. They set a “buy” rating and a $12.00 price target on the stock. CIBC raised Goldcorp from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 17th. Finally, ValuEngine raised Goldcorp from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Goldcorp has a consensus rating of “Buy” and a consensus price target of $15.41.
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.
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