Cambridge Investment Research Advisors Inc. grew its holdings in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 38.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,983 shares of the basic materials company’s stock after purchasing an additional 6,064 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Goldcorp were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GG. FMR LLC increased its position in shares of Goldcorp by 163.8% during the 1st 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 during the last quarter. Majedie Asset Management Ltd grew its stake in shares of Goldcorp by 246.3% during the 2nd quarter. Majedie Asset Management Ltd now owns 8,195,649 shares of the basic materials company’s stock worth $105,806,000 after acquiring an additional 5,828,676 shares during the period. Van ECK Associates Corp grew its stake in shares of Goldcorp by 5.6% during the 1st quarter. Van ECK Associates Corp now owns 58,304,591 shares of the basic materials company’s stock worth $850,663,000 after acquiring an additional 3,112,702 shares during the period. Greystone Managed Investments Inc. bought a new position in shares of Goldcorp during the 2nd quarter worth $26,496,000. Finally, First Eagle Investment Management LLC grew its stake in shares of Goldcorp by 4.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 34,814,349 shares of the basic materials company’s stock worth $449,453,000 after acquiring an additional 1,628,150 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Goldcorp Inc. (NYSE:GG) opened at 13.25 on Monday. The firm has a 50-day moving average price of $13.23 and a 200 day moving average price of $13.90. The company has a market cap of $11.46 billion, a P/E ratio of 24.31 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 business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, September 14th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, September 13th. Goldcorp’s payout ratio is 14.55%.

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Several research analysts have recently weighed in on GG shares. BidaskClub downgraded Goldcorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a $17.00 price target on shares of Goldcorp in a research note on Thursday, June 15th. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price target (down previously from $15.00) on shares of Goldcorp in a research note on Friday, July 14th. Scotiabank set a $18.00 price target on Goldcorp and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $15.00 price target (down previously from $16.00) on shares of Goldcorp in a research note on Sunday, June 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.64.

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.

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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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