Hexavest Inc. grew its holdings in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,746,539 shares of the basic materials company’s stock after purchasing an additional 53,491 shares during the period. Hexavest Inc.’s holdings in Goldcorp were worth $22,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. grew its holdings in shares of Goldcorp by 1.1% in the 2nd quarter. Moors & Cabot Inc. now owns 24,454 shares of the basic materials company’s stock worth $313,000 after acquiring an additional 275 shares during the period. Lehman Financial Resources Inc. grew its holdings in shares of Goldcorp by 0.4% in the 2nd quarter. Lehman Financial Resources Inc. now owns 68,701 shares of the basic materials company’s stock worth $891,000 after acquiring an additional 300 shares during the period. Stifel Financial Corp grew its holdings in shares of Goldcorp by 0.7% in the 2nd quarter. Stifel Financial Corp now owns 58,951 shares of the basic materials company’s stock worth $761,000 after acquiring an additional 430 shares during the period. Highlander Capital Management LLC grew its holdings in shares of Goldcorp by 4.7% in the 2nd quarter. Highlander Capital Management LLC now owns 11,125 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 500 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in shares of Goldcorp in the 2nd quarter worth approximately $1,441,000. Institutional investors own 53.41% of the company’s stock.

Shares of Goldcorp Inc. (NYSE GG) opened at $14.35 on Friday. Goldcorp Inc. has a 52 week low of $11.64 and a 52 week high of $17.87. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $12,051.30, a P/E ratio of 26.23, a P/E/G ratio of 2.52 and a beta of -0.10.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Thursday, December 14th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Wednesday, December 13th. Goldcorp’s payout ratio is currently 13.11%.

A number of equities research analysts recently weighed in on the company. National Bank Financial upgraded Goldcorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 26th. Scotiabank lowered their price target on Goldcorp from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. Royal Bank of Canada set a $15.00 price target on Goldcorp and gave the stock a “hold” rating in a report on Monday, October 23rd. Zacks Investment Research cut Goldcorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. upped their price target on Goldcorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, November 15th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Goldcorp has a consensus rating of “Buy” and a consensus target price of $16.65.

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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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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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