Guardian Capital Advisors LP cut its stake in Goldcorp Inc. (NYSE:GG) (TSE:G) by 46.2% during the fourth quarter, Holdings Channel reports. The firm owned 13,030 shares of the company’s stock after selling 11,190 shares during the period. Guardian Capital Advisors LP’s holdings in Goldcorp were worth $255,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Goldcorp by 0.6% in the third quarter. Brighton Jones LLC now owns 18,468 shares of the company’s stock valued at $305,000 after buying an additional 114 shares during the period. Jarislowsky Fraser Ltd raised its position in shares of Goldcorp by 1.4% in the second quarter. Jarislowsky Fraser Ltd now owns 17,920 shares of the company’s stock worth $341,000 after buying an additional 245 shares during the period. Smith Moore & CO. raised its position in shares of Goldcorp by 0.8% in the fourth quarter. Smith Moore & CO. now owns 36,225 shares of the company’s stock worth $493,000 after buying an additional 300 shares during the period. Regal Investment Advisors LLC raised its position in shares of Goldcorp by 2.2% in the third quarter. Regal Investment Advisors LLC now owns 20,970 shares of the company’s stock worth $346,000 after buying an additional 452 shares during the period. Finally, Point View Wealth Management Inc. raised its position in shares of Goldcorp by 2.6% in the third quarter. Point View Wealth Management Inc. now owns 24,067 shares of the company’s stock worth $398,000 after buying an additional 614 shares during the period. Hedge funds and other institutional investors own 57.76% of the company’s stock.

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

Shares of Goldcorp Inc. (NYSE:GG) traded up 6.06% during mid-day trading on Thursday, reaching $17.67. The company’s stock had a trading volume of 16,295,684 shares. Goldcorp Inc. has a 52-week low of $11.91 and a 52-week high of $20.38. The firm’s market cap is $15.09 billion. The firm has a 50 day moving average price of $15.61 and a 200 day moving average price of $15.31.

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A number of brokerages have recently commented on GG. Canaccord Genuity lowered Goldcorp from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. BMO Capital Markets reiterated a “hold” rating and set a $16.00 price target on shares of Goldcorp in a report on Thursday, February 2nd. Credit Suisse Group set a $17.00 price target on Goldcorp and gave the stock a “hold” rating in a report on Thursday, January 19th. Berenberg Bank reiterated a “hold” rating and set a $16.50 price target on shares of Goldcorp in a report on Wednesday, January 18th. Finally, Zacks Investment Research lowered Goldcorp from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 11th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.78.

Goldcorp Company Profile

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.

5 Day Chart for NYSE:GG

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