Dimensional Fund Advisors LP raised its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 3,030,884 shares of the company’s stock after buying an additional 236,271 shares during the period. Dimensional Fund Advisors LP’s holdings in Goldcorp were worth $41,220,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Orinda Asset Management LLC acquired a new stake in Goldcorp during the third quarter worth approximately $116,000. M&R Capital Management Inc. increased its stake in Goldcorp by 10.2% in the fourth quarter. M&R Capital Management Inc. now owns 7,595 shares of the company’s stock worth $103,000 after buying an additional 700 shares during the last quarter. Assetmark Inc. acquired a new stake in Goldcorp during the third quarter worth approximately $141,000. MSI Financial Services Inc increased its stake in Goldcorp by 9.6% in the third quarter. MSI Financial Services Inc now owns 8,596 shares of the company’s stock worth $142,000 after buying an additional 750 shares during the last quarter. Finally, Fort Pitt Capital Group LLC acquired a new stake in Goldcorp during the fourth quarter worth approximately $139,000. Institutional investors and hedge funds own 57.76% of the company’s stock.
Goldcorp Inc. (NYSE:GG) opened at 15.84 on Friday. The company’s 50-day moving average is $15.98 and its 200-day moving average is $14.97. Goldcorp Inc. has a 12 month low of $11.91 and a 12 month high of $20.38. The stock has a market capitalization of $13.53 billion, a P/E ratio of 83.37 and a beta of 0.12.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Thursday, March 16th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Tuesday, March 14th. Goldcorp’s dividend payout ratio is currently -1.58%.
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A number of analysts recently commented on the stock. TheStreet downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 30th. Zacks Investment Research upgraded shares of Goldcorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Berenberg Bank reiterated a “hold” rating and issued a $16.50 target price on shares of Goldcorp in a report on Wednesday, January 18th. Credit Suisse Group AG set a $17.00 target price on shares of Goldcorp and gave the stock a “hold” rating in a report on Thursday, January 19th. Finally, BMO Capital Markets downgraded shares of Goldcorp from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $23.00 to $15.00 in a report on Monday, December 19th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.14.
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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