Oxbow Advisors Lowers stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Oxbow Advisors reduced its stake in Goldcorp (USA) by 2.03% during the most recent quarter end. The investment management company now holds a total of 227,241 shares of Goldcorp (USA) which is valued at $4,108,517 after selling 4,703 shares in Goldcorp (USA) , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Goldcorp (USA) makes up approximately 0.58% of Oxbow Advisors’s portfolio.

Other Hedge Funds, Including , Proficio Capital Partners reduced its stake in GG by selling 21,611 shares or 98.44% in the most recent quarter. The Hedge Fund company now holds 342 shares of GG which is valued at $6,115.Rock Point Advisors reduced its stake in GG by selling 2,800 shares or 21.54% in the most recent quarter. The Hedge Fund company now holds 10,200 shares of GG which is valued at $182,376. Goldcorp (USA) makes up approx 0.09% of Rock Point Advisors’s portfolio.Howland Capital Management reduced its stake in GG by selling 770 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 262,560 shares of GG which is valued at $5,232,821. Goldcorp (USA) makes up approx 0.49% of Howland Capital Management’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) opened for trading at $17.42 and hit $17.91 on the upside on Monday, eventually ending the session at $17.66, with a gain of 1.15% or 0.2 points. The heightened volatility saw the trading volume jump to 51,95,662 shares. Company has a market cap of $15,064 M.

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.

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