Gratus Capital buys $7,221,134 stake in Goldcorp (USA) (GG)

Goldcorp (USA) (GG) : Gratus Capital scooped up 2,949 additional shares in Goldcorp (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 399,399 shares of Goldcorp (USA) which is valued at $7,221,134.Goldcorp (USA) makes up approximately 1.05% of Gratus Capital’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in GG by selling 270,430 shares or 62.96% in the most recent quarter. The Hedge Fund company now holds 159,094 shares of GG which is valued at $2,876,420. Goldcorp (USA) makes up approx 0.02% of Sg Americas Securities’s portfolio.Advisory Services Network boosted its stake in GG in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 4,816 shares of Goldcorp (USA) which is valued at $90,782. Goldcorp (USA) makes up approx 0.02% of Advisory Services Network’s portfolio.Willingdon Wealth Management reduced its stake in GG by selling 33,019 shares or 36.08% in the most recent quarter. The Hedge Fund company now holds 58,500 shares of GG which is valued at $1,071,135. Goldcorp (USA) makes up approx 0.53% of Willingdon Wealth Management’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in GG in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 15,500 shares of Goldcorp (USA) which is valued at $301,940. Goldcorp (USA) makes up approx 0.01% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’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). Goldcorp (USA) was Initiated by Morgan Stanley to “Overweight” on Aug 9, 2016. 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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