Agf Investments Lowers stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Agf Investments reduced its stake in Goldcorp (USA) by 5.03% during the most recent quarter end. The investment management company now holds a total of 3,613,122 shares of Goldcorp (USA) which is valued at $65,325,246 after selling 191,439 shares in Goldcorp (USA) , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Goldcorp (USA) makes up approximately 0.72% of Agf Investments’s portfolio.

Other Hedge Funds, Including , Hussman Strategic Advisors reduced its stake in GG by selling 275,000 shares or 55.0% in the most recent quarter. The Hedge Fund company now holds 225,000 shares of GG which is valued at $4,068,000. Goldcorp (USA) makes up approx 0.60% of Hussman Strategic Advisors’s portfolio.Tradewinds Capital Management boosted its stake in GG in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 135 shares of Goldcorp (USA) which is valued at $2,414.Tahithromos L.l.c. reduced its stake in GG by selling 25,516 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 395,300 shares of GG which is valued at $7,067,964. Goldcorp (USA) makes up approx 9.19% of Tahithromos L.l.c.’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 -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.

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