Fiera Capital Corp Has $36.92 Million Stake in Goldcorp Inc. (GG)
Fiera Capital Corp grew its stake in Goldcorp Inc. (NYSE:GG) (TSE:G) by 17.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,868,395 shares of the basic materials company’s stock after purchasing an additional 428,216 shares during the period. Fiera Capital Corp owned approximately 0.33% of Goldcorp worth $36,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of GG. FMR LLC grew its position in shares of Goldcorp by 163.8% in the first quarter. FMR LLC now owns 17,612,338 shares of the basic materials company’s stock valued at $256,931,000 after purchasing an additional 10,937,064 shares in the last quarter. Majedie Asset Management Ltd grew its position in shares of Goldcorp by 246.3% in the second quarter. Majedie Asset Management Ltd now owns 8,195,649 shares of the basic materials company’s stock valued at $105,806,000 after purchasing an additional 5,828,676 shares in the last quarter. CIBC World Markets Inc. grew its position in shares of Goldcorp by 91.2% in the second quarter. CIBC World Markets Inc. now owns 10,717,490 shares of the basic materials company’s stock valued at $138,363,000 after purchasing an additional 5,112,943 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Goldcorp by 5.6% in the first quarter. Van ECK Associates Corp now owns 58,304,591 shares of the basic materials company’s stock valued at $850,663,000 after purchasing an additional 3,112,702 shares in the last quarter. Finally, Greystone Managed Investments Inc. purchased a new stake in shares of Goldcorp in the second quarter valued at approximately $26,496,000. Institutional investors and hedge funds own 53.99% of the company’s stock.
A number of research firms have recently issued reports on GG. Jefferies Group LLC set a $13.00 price target on Goldcorp and gave the company a “hold” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada dropped their price target on Goldcorp from $16.00 to $15.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 15th. BidaskClub upgraded Goldcorp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. TD Securities dropped their price target on Goldcorp from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Finally, Scotiabank set a $18.00 price target on Goldcorp and gave the company an “outperform” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $16.64.
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Shares of Goldcorp Inc. (NYSE GG) opened at 13.43 on Thursday. The firm has a market capitalization of $11.62 billion, a PE ratio of 24.64 and a beta of -0.02. The stock has a 50 day moving average price of $13.23 and a 200 day moving average price of $13.93. Goldcorp Inc. has a 52 week low of $11.91 and a 52 week high of $17.87.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, September 14th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.60%. Goldcorp’s dividend payout ratio is currently 14.55%.
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.
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