Titus Wealth Management purchased a new stake in Goldcorp Inc. (NYSE:GG) (TSE:G) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,310 shares of the basic materials company’s stock, valued at approximately $320,000.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE raised its position in Goldcorp by 53.4% during the 2nd quarter. US Bancorp DE now owns 96,119 shares of the basic materials company’s stock worth $1,318,000 after buying an additional 33,463 shares during the last quarter. Boston Partners purchased a new position in Goldcorp during the 2nd quarter worth $174,000. Unigestion Holding SA purchased a new position in Goldcorp during the 2nd quarter worth $5,042,000. Highstreet Asset Management Inc. raised its position in Goldcorp by 56.2% during the 2nd quarter. Highstreet Asset Management Inc. now owns 274,553 shares of the basic materials company’s stock worth $3,770,000 after buying an additional 98,813 shares during the last quarter. Finally, Sei Investments Co. raised its position in Goldcorp by 1,083.9% during the 2nd quarter. Sei Investments Co. now owns 62,463 shares of the basic materials company’s stock worth $857,000 after buying an additional 57,187 shares during the last quarter. Hedge funds and other institutional investors own 53.89% of the company’s stock.

NYSE:GG opened at $10.54 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 1.01. Goldcorp Inc. has a fifty-two week low of $9.89 and a fifty-two week high of $15.55. The firm has a market cap of $8.89 billion, a PE ratio of 26.35, a P/E/G ratio of 3.75 and a beta of -0.14.

Goldcorp (NYSE:GG) (TSE:G) last posted its quarterly earnings results on Wednesday, July 25th. The basic materials company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). Goldcorp had a return on equity of 1.97% and a net margin of 8.61%. The company had revenue of $793.00 million for the quarter, compared to analyst estimates of $871.54 million. During the same period last year, the company earned $0.16 earnings per share. equities research analysts expect that Goldcorp Inc. will post 0.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Thursday, September 13th will be paid a dividend of $0.02 per share. The ex-dividend date is Wednesday, September 12th. This is a boost from Goldcorp’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.76%. Goldcorp’s dividend payout ratio is 20.00%.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Goldcorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. TheStreet upgraded shares of Goldcorp from a “c” rating to a “b-” rating in a research report on Tuesday, May 22nd. Scotiabank restated a “buy” rating and set a $17.00 price objective on shares of Goldcorp in a research report on Friday, July 27th. Finally, Jefferies Financial Group restated a “hold” rating and set a $13.00 price objective on shares of Goldcorp in a research report on Monday, August 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Goldcorp currently has an average rating of “Buy” and an average target price of $16.94.

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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