350,100 Shares in Goldcorp Inc. (GG) Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP purchased a new stake in Goldcorp Inc. (NYSE:GG) (TSE:G) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 350,100 shares of the basic materials company’s stock, valued at approximately $3,431,000.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Goldcorp by 4.2% during the fourth quarter. Van ECK Associates Corp now owns 53,141,740 shares of the basic materials company’s stock valued at $520,789,000 after acquiring an additional 2,145,565 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Goldcorp by 2.9% during the third quarter. Vanguard Group Inc. now owns 23,690,937 shares of the basic materials company’s stock valued at $241,647,000 after acquiring an additional 669,533 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Goldcorp by 2.9% during the third quarter. Vanguard Group Inc now owns 23,690,937 shares of the basic materials company’s stock valued at $241,647,000 after acquiring an additional 669,533 shares during the last quarter. Ruffer LLP raised its stake in Goldcorp by 12.9% during the fourth quarter. Ruffer LLP now owns 16,769,473 shares of the basic materials company’s stock worth $164,243,000 after buying an additional 1,911,769 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Goldcorp by 52.4% during the third quarter. Mackenzie Financial Corp now owns 9,621,784 shares of the basic materials company’s stock worth $98,142,000 after buying an additional 3,308,355 shares during the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Goldcorp stock opened at $11.19 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.47 and a current ratio of 0.87. The company has a market cap of $9.72 billion, a P/E ratio of 159.86 and a beta of 0.25. Goldcorp Inc. has a 1-year low of $8.42 and a 1-year high of $14.66.

Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings results on Wednesday, February 13th. The basic materials company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. Goldcorp had a negative net margin of 136.84% and a positive return on equity of 0.86%. The business had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $853.36 million. Research analysts expect that Goldcorp Inc. will post 0.32 EPS for the current year.

A number of brokerages recently weighed in on GG. Vertical Research downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Deutsche Bank reduced their price target on shares of Goldcorp from $13.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Macquarie cut shares of Goldcorp from an “outperform” rating to a “neutral” rating in a report on Monday, January 7th. Cormark restated a “hold” rating on shares of Goldcorp in a report on Tuesday, January 29th. Finally, UBS Group started coverage on shares of Goldcorp in a report on Friday, January 4th. They issued a “buy” rating and a $12.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.93.

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Goldcorp 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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