Polygon Management Ltd. adds Goldcorp (USA) (GG) to its portfolio

Goldcorp (USA) (GG) : Polygon Management Ltd. added new position in Goldcorp (USA) during the most recent quarter end. The investment management firm now holds 205,000 shares of Goldcorp (USA) which is valued at $2,736,750 , the company said in a statement filed on Nov 14, 2016 with the SEC.Goldcorp (USA) makes up approximately 1.44% of Polygon Management Ltd.’s portfolio.

Other Hedge Funds, Including , Jarislowsky Fraser Ltd reduced its stake in GG by selling 225 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 17,695 shares of GG which is valued at $236,228.Comerica Bank reduced its stake in GG by selling 2,178 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 92,051 shares of GG which is valued at $1,285,032. Goldcorp (USA) makes up approx 0.01% of Comerica Bank’s portfolio. Tahithromos L.l.c. sold out all of its stake in GG during the most recent quarter. The investment firm sold 395,300 shares of GG which is valued $5,818,816.First Manhattan Co reduced its stake in GG by selling 126 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 5,987 shares of GG which is valued at $91,721. Gemmer Asset Management added GG to its portfolio by purchasing 1,859 company shares during the most recent quarter which is valued at $26,602. Goldcorp (USA) makes up approx 0.01% of Gemmer Asset Management’s portfolio.

Goldcorp (USA) closed down -0.09 points or -0.67% at $13.32 with 85,16,236 shares getting traded on Monday. Post opening the session at $13.25, the shares hit an intraday low of $13 and an intraday high of $13.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Goldcorp (USA) reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.11. The company had revenue of $1151.00 million for the quarter, compared to analysts expectations of $1046.34 million. The company’s revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.04 EPS.

Many Wall Street Analysts have commented on Goldcorp (USA). Goldcorp (USA) was Upgraded by Desjardins to ” Buy” on Oct 20, 2016. Goldcorp (USA) was Initiated by National Bank Financial to “Outperform” on Sep 8, 2016. Goldcorp (USA) was Initiated by Berenberg to “Hold” on Sep 7, 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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