Stifel Financial Corp trimmed its holdings in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,293,014 shares of the basic materials company’s stock after selling 82,334 shares during the period. Stifel Financial Corp’s holdings in Goldcorp were worth $12,672,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GG. Bank of New York Mellon Corp boosted its stake in shares of Goldcorp by 33.3% in the second quarter. Bank of New York Mellon Corp now owns 3,100,667 shares of the basic materials company’s stock worth $42,510,000 after buying an additional 775,219 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Goldcorp in the third quarter worth about $135,000. Janney Montgomery Scott LLC purchased a new stake in shares of Goldcorp in the third quarter worth about $626,000. SG Americas Securities LLC boosted its stake in shares of Goldcorp by 138.1% in the third quarter. SG Americas Securities LLC now owns 494,252 shares of the basic materials company’s stock worth $5,041,000 after buying an additional 286,641 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Goldcorp by 1.2% in the third quarter. Candriam Luxembourg S.C.A. now owns 467,434 shares of the basic materials company’s stock worth $4,760,000 after buying an additional 5,711 shares during the last quarter. 55.09% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on GG. Cormark restated a “hold” rating on shares of Goldcorp in a research note on Tuesday, January 29th. Royal Bank of Canada downgraded Goldcorp from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $15.00 to $13.00 in a research note on Tuesday, February 26th. ValuEngine raised Goldcorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. UBS Group cut Goldcorp from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Tuesday, February 12th. Finally, Vertical Research cut Goldcorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.33.

NYSE GG opened at $10.85 on Friday. The stock has a market capitalization of $9.41 billion, a P/E ratio of 155.00 and a beta of 0.23. Goldcorp Inc. has a twelve month low of $8.42 and a twelve month high of $14.66. The company has a quick ratio of 0.47, a current ratio of 0.87 and a debt-to-equity ratio of 0.27.

Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings results on Wednesday, February 13th. The basic materials company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $853.36 million. Goldcorp had a positive return on equity of 0.86% and a negative net margin of 136.84%. As a group, equities research analysts expect that Goldcorp Inc. will post 0.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Thursday, March 14th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.74%. Goldcorp’s payout ratio is 114.29%.

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Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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