Cerebellum GP LLC purchased a new stake in Goldcorp Inc. (NYSE:GG) (TSE:G) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,398 shares of the basic materials company’s stock, valued at approximately $133,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank increased its holdings in Goldcorp by 1.0% in the 3rd quarter. Swiss National Bank now owns 7,797,700 shares of the basic materials company’s stock valued at $101,269,000 after acquiring an additional 73,700 shares during the last quarter. Virtu Financial LLC increased its holdings in Goldcorp by 170.6% in the 3rd quarter. Virtu Financial LLC now owns 70,331 shares of the basic materials company’s stock valued at $562,000 after acquiring an additional 44,340 shares during the last quarter. Caxton Associates LP bought a new stake in Goldcorp in the 3rd quarter valued at $5,832,000. CIBC Asset Management Inc increased its holdings in Goldcorp by 28.1% in the 3rd quarter. CIBC Asset Management Inc now owns 11,876,598 shares of the basic materials company’s stock valued at $153,791,000 after acquiring an additional 2,605,368 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Goldcorp by 40.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,890,911 shares of the basic materials company’s stock valued at $24,485,000 after acquiring an additional 547,352 shares during the last quarter. Institutional investors own 53.47% of the company’s stock.

Goldcorp Inc. (GG) opened at $14.78 on Wednesday. Goldcorp Inc. has a 52 week low of $11.64 and a 52 week high of $17.87. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. The company has a market cap of $12,810.00, a PE ratio of 24.63, a P/E/G ratio of 3.25 and a beta of -0.10.

Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Goldcorp had a net margin of 14.91% and a return on equity of 3.27%. analysts predict that Goldcorp Inc. will post 0.44 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Scotiabank set a $18.00 target price on shares of Goldcorp and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, January 8th. Jefferies Group set a $16.00 target price on shares of Goldcorp and gave the stock a “hold” rating in a report on Tuesday, January 16th. Canaccord Genuity downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, CIBC boosted their target price on shares of Goldcorp from $17.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, January 17th. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Goldcorp currently has a consensus rating of “Buy” and an average price target of $17.39.

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Goldcorp 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.

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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