Flossbach Von Storch AG lowered its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 34.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,983,720 shares of the basic materials company’s stock after selling 3,173,800 shares during the quarter. Goldcorp comprises 0.7% of Flossbach Von Storch AG’s holdings, making the stock its 28th biggest position. Flossbach Von Storch AG’s holdings in Goldcorp were worth $76,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in Goldcorp in the fourth quarter valued at about $133,000. Private Advisor Group LLC acquired a new position in Goldcorp in the third quarter valued at about $137,000. First Allied Advisory Services Inc. acquired a new position in Goldcorp in the second quarter valued at about $155,000. Koch Industries Inc. acquired a new position in Goldcorp in the second quarter valued at about $163,000. Finally, Stephens Inc. AR acquired a new position in Goldcorp in the third quarter valued at about $173,000. 53.44% of the stock is owned by institutional investors.

Goldcorp Inc. (GG) opened at $12.34 on Friday. Goldcorp Inc. has a 12-month low of $11.64 and a 12-month high of $17.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 0.69. The stock has a market capitalization of $10,698.78, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.60 and a beta of 0.05.

A number of research analysts recently commented on GG shares. Credit Suisse Group raised Goldcorp from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $15.50 to $19.00 in a research note on Monday, January 15th. JPMorgan Chase & Co. boosted their price target on Goldcorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, November 15th. Royal Bank of Canada upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $15.00 to $18.00 in a research report on Wednesday, November 1st. National Bank Financial upgraded Goldcorp from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 26th. Finally, TD Securities upgraded Goldcorp from a “buy” rating to an “action list buy” rating and lifted their target price for the company from $20.00 to $22.00 in a research report on Wednesday, January 17th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Goldcorp currently has a consensus rating of “Buy” and an average price target of $17.48.

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Goldcorp Profile

Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.

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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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