Kopernik Global Investors LLC boosted its stake in Goldcorp Inc. (NYSE:GG) (TSE:G) by 54.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,191,305 shares of the basic materials company’s stock after purchasing an additional 419,770 shares during the quarter. Goldcorp comprises about 3.2% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 13th largest holding. Kopernik Global Investors LLC owned about 0.14% of Goldcorp worth $15,438,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of GG. Aperio Group LLC grew its stake in Goldcorp by 5.7% in the second quarter. Aperio Group LLC now owns 233,788 shares of the basic materials company’s stock valued at $3,018,000 after acquiring an additional 12,702 shares during the period. Russell Investments Group Ltd. grew its stake in Goldcorp by 29.6% in the second quarter. Russell Investments Group Ltd. now owns 1,343,559 shares of the basic materials company’s stock valued at $17,305,000 after acquiring an additional 306,538 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Goldcorp in the second quarter valued at about $177,000. Greystone Managed Investments Inc. acquired a new position in Goldcorp in the second quarter valued at about $26,496,000. Finally, Harbour Capital Advisors LLC grew its stake in Goldcorp by 1,148.0% in the second quarter. Harbour Capital Advisors LLC now owns 205,915 shares of the basic materials company’s stock valued at $15,950,000 after acquiring an additional 189,415 shares during the period. 53.83% of the stock is owned by hedge funds and other institutional investors.
Goldcorp Inc. (NYSE:GG) opened at $13.16 on Monday. Goldcorp Inc. has a 52-week low of $11.91 and a 52-week high of $17.87. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $11,409.72, a P/E ratio of 24.83, a P/E/G ratio of 3.33 and a beta of -0.07.
Several research firms have recently weighed in on GG. HSBC Holdings PLC cut Goldcorp from a “buy” rating to a “hold” rating and set a $14.80 price objective for the company. in a research report on Wednesday, November 22nd. J P Morgan Chase & Co upped 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 upped their price objective for the stock from $15.00 to $18.00 in a research report on Wednesday, November 1st. Scotiabank reduced their price objective on Goldcorp from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Monday, October 30th. Finally, National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Goldcorp has a consensus rating of “Hold” and an average target price of $16.76.
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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