Nikko Asset Management Americas buys $16,262,185 stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Nikko Asset Management Americas scooped up 132,400 additional shares in Goldcorp (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 904,963 shares of Goldcorp (USA) which is valued at $16,262,185.Goldcorp (USA) makes up approximately 1.50% of Nikko Asset Management Americas’s portfolio.

Other Hedge Funds, Including , Cypress Asset Management Inctx boosted its stake in GG in the latest quarter, The investment management firm added 1,432 additional shares and now holds a total of 16,221 shares of Goldcorp (USA) which is valued at $291,491. Goldcorp (USA) makes up approx 0.06% of Cypress Asset Management Inctx’s portfolio. Fox Run Management L.l.c. added GG to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $449,250. Goldcorp (USA) makes up approx 0.21% of Fox Run Management L.l.c.’s portfolio.Creative Planning boosted its stake in GG in the latest quarter, The investment management firm added 339 additional shares and now holds a total of 29,711 shares of Goldcorp (USA) which is valued at $578,770.Firstmerit Bank N A Trustee reduced its stake in GG by selling 5,132 shares or 23.22% in the most recent quarter. The Hedge Fund company now holds 16,966 shares of GG which is valued at $330,498. Goldcorp (USA) makes up approx 0.03% of Firstmerit Bank N A Trustee’s portfolio. Stock Yards Bank Trust Co added GG to its portfolio by purchasing 11,724 company shares during the most recent quarter which is valued at $234,246. Goldcorp (USA) makes up approx 0.03% of Stock Yards Bank Trust Co’s portfolio.

Goldcorp (USA) closed down -1.09 points or -5.72% at $17.97 with 1,05,71,803 shares getting traded on Wednesday. Post opening the session at $18.67, the shares hit an intraday low of $17.87 and an intraday high of $18.7 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Goldcorp (USA) reported $-5.14 EPS for the quarter, missing the analyst consensus estimate by $ -5.14 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.00. The company had revenue of $1238.00 million for the quarter, compared to analysts expectations of $1074.76 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on Goldcorp (USA). Goldcorp (USA) was Downgraded by Goldman to ” Neutral” on May 11, 2016.

Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition exploration development and operation of gold properties in Canada the United States Mexico and Central and South America. The Company’s principal products are gold and the byproduct silver copper lead and zinc. Goldcorp’s operating assets include four mines in Canada two mines in Mexico and four in Central and South America.

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