Bank of Nova Scotia Trust Co. trimmed its stake in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,589 shares of the basic materials company’s stock after selling 559 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in Goldcorp were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC boosted its holdings in Goldcorp by 4.9% during the second quarter. First Eagle Investment Management LLC now owns 34,814,349 shares of the basic materials company’s stock valued at $449,453,000 after purchasing an additional 1,628,150 shares in the last quarter. Carmignac Gestion boosted its holdings in shares of Goldcorp by 4.1% in the 2nd quarter. Carmignac Gestion now owns 27,336,612 shares of the basic materials company’s stock worth $352,916,000 after acquiring an additional 1,082,557 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Goldcorp by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 20,163,542 shares of the basic materials company’s stock worth $260,311,000 after acquiring an additional 801,859 shares in the last quarter. FMR LLC boosted its holdings in shares of Goldcorp by 163.8% in the 1st quarter. FMR LLC now owns 17,612,338 shares of the basic materials company’s stock worth $256,931,000 after acquiring an additional 10,937,064 shares in the last quarter. Finally, CIBC World Markets Inc. boosted its holdings in shares of Goldcorp by 91.2% in the 2nd quarter. CIBC World Markets Inc. now owns 10,717,490 shares of the basic materials company’s stock worth $138,363,000 after acquiring an additional 5,112,943 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. HC Wainwright reissued a “buy” rating on shares of Goldcorp in a report on Monday, September 25th. TD Securities reduced their target price on Goldcorp from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 4th. BidaskClub raised Goldcorp from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada reduced their target price on Goldcorp from $16.00 to $15.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 15th. Finally, Jefferies Group LLC set a $13.00 target price on Goldcorp and gave the stock a “hold” rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.66.

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Goldcorp Inc. (GG) traded up 1.57% on Friday, reaching $12.96. 6,238,298 shares of the company traded hands. The company has a market capitalization of $11.21 billion, a PE ratio of 23.78 and a beta of -0.02. Goldcorp Inc. has a 52-week low of $11.91 and a 52-week high of $17.87. The stock has a 50-day moving average of $13.22 and a 200 day moving average of $13.84.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, September 14th were given a $0.02 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.62%. Goldcorp’s dividend payout ratio is currently 14.55%.

About Goldcorp

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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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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