Goldcorp Inc. (NYSE:GG) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. cut its holdings in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 71.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,300 shares of the basic materials company’s stock after selling 120,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Goldcorp were worth $553,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Estabrook Capital Management increased its holdings in Goldcorp by 37.7% in the 4th quarter. Estabrook Capital Management now owns 4,475 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,225 shares during the last quarter. Gideon Capital Advisors Inc. bought a new position in Goldcorp in the 4th quarter worth about $106,000. Brown Advisory Inc. boosted its stake in Goldcorp by 19.4% in the 4th quarter. Brown Advisory Inc. now owns 12,900 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 2,100 shares during the period. Howland Capital Management LLC bought a new stake in shares of Goldcorp during the 1st quarter valued at about $128,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Goldcorp during the 4th quarter valued at about $133,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on GG shares. Raymond James reiterated a “market perform” rating and set a $12.00 price target on shares of Goldcorp in a research report on Wednesday, April 24th. Deutsche Bank dropped their target price on Goldcorp from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Goldcorp has an average rating of “Hold” and a consensus price target of $12.93.

Shares of GG remained flat at $$11.19 during mid-day trading on Monday. The stock had a trading volume of 34,060,568 shares, compared to its average volume of 20,772,451. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.47 and a current ratio of 0.87. Goldcorp Inc. has a 52-week low of $8.42 and a 52-week high of $14.66. The stock has a market cap of $9.72 billion, a PE ratio of 159.86 and a beta of 0.25. The business has a 50-day moving average price of $11.19.

About Goldcorp

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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