Boenning & Scattergood Inc. Trims Stake in Goldcorp Inc. (GG)

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Boenning & Scattergood Inc. trimmed its holdings in Goldcorp Inc. (NYSE:GG) (TSE:G) by 19.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,450 shares of the basic materials company’s stock after selling 9,000 shares during the quarter. Boenning & Scattergood Inc.’s holdings in Goldcorp were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenline Partners LLC boosted its position in shares of Goldcorp by 5.1% in the third quarter. Greenline Partners LLC now owns 206,851 shares of the basic materials company’s stock valued at $2,106,000 after acquiring an additional 10,020 shares during the period. Ruffer LLP boosted its position in shares of Goldcorp by 73.2% in the third quarter. Ruffer LLP now owns 14,857,704 shares of the basic materials company’s stock valued at $151,473,000 after acquiring an additional 6,277,498 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Goldcorp by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 4,600,844 shares of the basic materials company’s stock valued at $46,929,000 after acquiring an additional 11,902 shares during the period. Hussman Strategic Advisors Inc. boosted its position in shares of Goldcorp by 50.0% in the third quarter. Hussman Strategic Advisors Inc. now owns 600,000 shares of the basic materials company’s stock valued at $6,120,000 after acquiring an additional 200,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Goldcorp by 33.3% in the second quarter. Bank of New York Mellon Corp now owns 3,100,667 shares of the basic materials company’s stock valued at $42,510,000 after acquiring an additional 775,219 shares during the period. 54.92% of the stock is owned by institutional investors.

Goldcorp stock opened at $10.48 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.48. Goldcorp Inc. has a 52-week low of $8.42 and a 52-week high of $15.32. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 26.20 and a beta of 0.02.

Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings data on Wednesday, October 24th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Goldcorp had a return on equity of 0.97% and a net margin of 2.47%. The company had revenue of $621.00 million for the quarter, compared to analyst estimates of $714.46 million. Equities analysts anticipate that Goldcorp Inc. will post 0.06 EPS for the current fiscal year.

GG has been the subject of a number of recent research reports. ValuEngine upgraded Goldcorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. Vertical Research lowered Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Royal Bank of Canada cut their target price on Goldcorp from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. Deutsche Bank set a $14.00 target price on Goldcorp and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Finally, Barclays initiated coverage on Goldcorp in a research note on Wednesday, October 10th. They issued an “overweight” rating and a $14.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $13.63.

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Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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