Goldcorp (USA) (GG) : Agf Investments America added new position in Goldcorp (USA) during the most recent quarter end. The investment management firm now holds 47,485 shares of Goldcorp (USA) which is valued at $858,529 , the company said in a statement filed on Aug 1, 2016 with the SEC.Goldcorp (USA) makes up approximately 0.37% of Agf Investments America’s portfolio.
Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in GG by selling 8,550 shares or 56.25% in the most recent quarter. The Hedge Fund company now holds 6,650 shares of GG which is valued at $120,232. Goldcorp (USA) makes up approx 0.01% of Evercore Wealth Management’s portfolio.Hl Financial Services reduced its stake in GG by selling 185 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 11,857 shares of GG which is valued at $223,504. Goldcorp (USA) makes up approx 0.01% of Hl Financial Services’s portfolio. Barometer Capital Management sold out all of its stake in GG during the most recent quarter. The investment firm sold 351,000 shares of GG which is valued $6,816,420.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.Foundation Resource Management Inc reduced its stake in GG by selling 2,241 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 631,091 shares of GG which is valued at $12,577,644. Goldcorp (USA) makes up approx 2.33% of Foundation Resource Management Inc’s portfolio.
Goldcorp (USA) closed down -0.05 points or -0.28% at $18.03 with 61,70,617 shares getting traded on Thursday. Post opening the session at $18.15, the shares hit an intraday low of $17.99 and an intraday high of $18.17 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Goldcorp (USA) reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.04. The company had revenue of $921.00 million for the quarter, compared to analysts expectations of $902.71 million. The company’s revenue was down -30.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on Goldcorp (USA). Citigroup Initiated Goldcorp (USA) on Aug 2, 2016 to “Neutral”, Price Target of the shares are set at $20.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.