26,648 Shares in Goldcorp Inc. (GG) Acquired by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd purchased a new position in shares of Goldcorp Inc. (NYSE:GG) during the second quarter, Holdings Channel reports. The institutional investor purchased 26,648 shares of the company’s stock, valued at approximately $510,000.
Other large investors have also added to or reduced their stakes in the company. Smith Affiliated Capital Corp. increased its stake in shares of Goldcorp by 95.7% in the second quarter. Smith Affiliated Capital Corp. now owns 6,900 shares of the company’s stock valued at $132,000 after buying an additional 3,374 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Goldcorp during the second quarter valued at $192,000. Stock Yards Bank & Trust Co. purchased a new stake in shares of Goldcorp during the second quarter valued at $224,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Goldcorp during the second quarter valued at $227,000. Finally, Simmons Bank purchased a new stake in shares of Goldcorp during the first quarter valued at $233,000. 60.45% of the stock is currently owned by institutional investors.
Goldcorp Inc. (NYSE:GG) opened at 15.645 on Monday. The stock’s market capitalization is $13.35 billion. Goldcorp Inc. has a 52-week low of $9.46 and a 52-week high of $20.38. The firm’s 50-day moving average is $17.39 and its 200-day moving average is $17.51.
Goldcorp (NYSE:GG) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.12. The business had revenue of $921 million for the quarter, compared to analysts’ expectations of $882.55 million. Goldcorp had a negative return on equity of 0.71% and a negative net margin of 115.33%. The firm’s revenue for the quarter was down 30.1% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. Analysts predict that Goldcorp Inc. will post $0.37 earnings per share for the current year.
Several brokerages have recently weighed in on GG. National Bank Financial began coverage on shares of Goldcorp in a research note on Thursday, September 8th. They issued an “outperform” rating on the stock. Berenberg Bank assumed coverage on shares of Goldcorp in a research note on Wednesday, September 7th. They issued a “hold” rating and a $16.50 target price on the stock. Vetr upgraded shares of Goldcorp from a “buy” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Wednesday, August 17th. Morgan Stanley assumed coverage on shares of Goldcorp in a report on Tuesday, August 9th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Barclays PLC upped their price target on shares of Goldcorp from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.36.
Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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