9,487 Shares in Goldcorp Inc. (GG) Purchased by We Are One Seven LLC

We Are One Seven LLC acquired a new position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,487 shares of the basic materials company’s stock, valued at approximately $92,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisor Partners LLC acquired a new stake in shares of Goldcorp in the third quarter worth $107,000. Brown Advisory Inc. acquired a new stake in shares of Goldcorp in the third quarter worth $111,000. Independent Advisor Alliance acquired a new stake in shares of Goldcorp in the third quarter worth $126,000. Riverhead Capital Management LLC boosted its position in shares of Goldcorp by 332.5% in the third quarter. Riverhead Capital Management LLC now owns 12,976 shares of the basic materials company’s stock worth $130,000 after buying an additional 9,976 shares during the period. Finally, First Manhattan Co. acquired a new stake in shares of Goldcorp in the third quarter worth $133,000. 54.38% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:GG opened at $10.77 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 0.18. Goldcorp Inc. has a 1 year low of $8.42 and a 1 year high of $14.66. The firm has a market cap of $9.40 billion, a P/E ratio of 26.93 and a beta of 0.30.

Several analysts have recently commented on the company. UBS Group cut Goldcorp from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Tuesday. Cormark reaffirmed a “hold” rating on shares of Goldcorp in a research report on Tuesday, January 29th. BMO Capital Markets set a $13.00 target price on Goldcorp and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Raymond James reaffirmed a “market perform” rating and issued a $14.00 target price on shares of Goldcorp in a research report on Tuesday, January 15th. Finally, ValuEngine raised Goldcorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.53.

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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. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's 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.

Further Reading: What is the return on assets (ROA) ratio?

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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