Stephens Inc. AR Raises Stake in Goldcorp Inc. (GG)

Stephens Inc. AR lifted its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,556 shares of the basic materials company’s stock after purchasing an additional 1,779 shares during the quarter. Stephens Inc. AR’s holdings in Goldcorp were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GG. We Are One Seven LLC purchased a new position in Goldcorp in the fourth quarter worth about $92,000. Advisor Partners LLC purchased a new position in Goldcorp in the third quarter worth about $107,000. Brown Advisory Inc. purchased a new position in Goldcorp in the third quarter worth about $111,000. Falcon Point Capital LLC purchased a new position in Goldcorp in the fourth quarter worth about $116,000. Finally, Independent Advisor Alliance purchased a new position in Goldcorp in the third quarter worth about $126,000. 55.09% of the stock is currently owned by hedge funds and other institutional investors.

GG has been the subject of several recent analyst reports. CIBC upgraded Goldcorp from a “neutral” rating to a “sector outperform” rating in a research report on Monday, December 17th. HSBC upgraded Goldcorp from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. UBS Group lowered 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, February 12th. Royal Bank of Canada lowered Goldcorp from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $15.00 to $13.00 in a research report on Tuesday, February 26th. Finally, Raymond James restated a “market perform” rating and set a $14.00 target price on shares of Goldcorp in a research report on Tuesday, January 15th. One investment 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. Goldcorp currently has an average rating of “Hold” and a consensus target price of $13.33.



Shares of NYSE GG traded up $0.07 during trading hours on Friday, reaching $10.99. The stock had a trading volume of 3,225,546 shares, compared to its average volume of 19,720,840. 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 firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 156.93 and a beta of 0.23. Goldcorp Inc. has a 52-week low of $8.42 and a 52-week high of $14.66.

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

The company 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 dividend yield of 0.73%. Goldcorp’s payout ratio is 114.29%.

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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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