Violich Capital Management Inc. grew its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 33.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,425 shares of the basic materials company’s stock after acquiring an additional 6,800 shares during the quarter. Violich Capital Management Inc.’s holdings in Goldcorp were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its position in shares of Goldcorp by 3.1% during the third quarter. First Eagle Investment Management LLC now owns 35,890,978 shares of the basic materials company’s stock valued at $465,147,000 after buying an additional 1,076,629 shares during the last quarter. Carmignac Gestion boosted its position in shares of Goldcorp by 11.6% during the third quarter. Carmignac Gestion now owns 30,505,522 shares of the basic materials company’s stock valued at $395,352,000 after buying an additional 3,168,910 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Goldcorp by 4.1% during the second quarter. Vanguard Group Inc. now owns 20,163,542 shares of the basic materials company’s stock valued at $260,311,000 after buying an additional 801,859 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Goldcorp by 28.1% during the third quarter. CIBC Asset Management Inc now owns 11,876,598 shares of the basic materials company’s stock valued at $153,791,000 after buying an additional 2,605,368 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its position in shares of Goldcorp by 91.2% during 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 buying an additional 5,112,943 shares during the last quarter. Hedge funds and other institutional investors own 53.50% of the company’s stock.

GG has been the topic of several research analyst reports. Zacks Investment Research cut Goldcorp from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. J P Morgan Chase & Co boosted their price objective on Goldcorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 15th. Royal Bank Of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $15.00 to $18.00 in a research report on Wednesday, November 1st. National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 26th. Finally, Canaccord Genuity raised Goldcorp from a “hold” rating to a “buy” rating and set a $16.90 price objective on the stock in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Goldcorp has a consensus rating of “Hold” and a consensus price target of $16.76.

Shares of Goldcorp Inc. (GG) traded down $0.06 on Monday, hitting $11.96. The company’s stock had a trading volume of 5,149,300 shares, compared to its average volume of 7,452,865. The company has a market capitalization of $10,369.32, a price-to-earnings ratio of 22.57, a PEG ratio of 2.89 and a beta of -0.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.00. Goldcorp Inc. has a 52-week low of $11.91 and a 52-week high of $17.87.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Thursday, December 14th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.67%. Goldcorp’s payout ratio is presently 13.11%.

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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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