QS Investors LLC Has $254,000 Stake in Goldcorp Inc. (GG)

QS Investors LLC cut its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 88.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,692 shares of the basic materials company’s stock after selling 144,700 shares during the quarter. QS Investors LLC’s holdings in Goldcorp were worth $254,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GG. State Board of Administration of Florida Retirement System grew its holdings in shares of Goldcorp by 21.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,881 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 3,500 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Goldcorp by 48.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 130,857 shares of the basic materials company’s stock valued at $1,909,000 after purchasing an additional 42,613 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Goldcorp by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 19,361,683 shares of the basic materials company’s stock valued at $282,487,000 after purchasing an additional 814,810 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Goldcorp by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,428,082 shares of the basic materials company’s stock valued at $50,016,000 after purchasing an additional 397,198 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Goldcorp by 15.9% during the 1st quarter. Morgan Stanley now owns 2,510,839 shares of the basic materials company’s stock valued at $36,632,000 after purchasing an additional 344,998 shares during the last quarter. Institutional investors own 53.96% of the company’s stock.

Several equities research analysts recently issued reports on GG shares. TD Securities decreased their price target on shares of Goldcorp from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 4th. HC Wainwright reaffirmed a “buy” rating on shares of Goldcorp in a report on Monday, September 25th. Canaccord Genuity raised shares of Goldcorp from a “hold” rating to a “buy” rating and set a $16.90 price target on the stock in a report on Friday, September 29th. Royal Bank Of Canada set a $16.00 price target on shares of Goldcorp and gave the company a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub raised shares of Goldcorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Goldcorp currently has a consensus rating of “Hold” and an average price target of $16.66.

COPYRIGHT VIOLATION WARNING: “QS Investors LLC Has $254,000 Stake in Goldcorp Inc. (GG)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/21/qs-investors-llc-has-254000-stake-in-goldcorp-inc-gg.html.

Shares of Goldcorp Inc. (NYSE:GG) opened at 13.09 on Friday. Goldcorp Inc. has a 12-month low of

Several other large investors have also recently modified their holdings of GG. State Board of Administration of Florida Retirement System grew its holdings in shares of Goldcorp by 21.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,881 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 3,500 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Goldcorp by 48.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 130,857 shares of the basic materials company’s stock valued at $1,909,000 after purchasing an additional 42,613 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Goldcorp by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 19,361,683 shares of the basic materials company’s stock valued at $282,487,000 after purchasing an additional 814,810 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Goldcorp by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,428,082 shares of the basic materials company’s stock valued at $50,016,000 after purchasing an additional 397,198 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Goldcorp by 15.9% during the 1st quarter. Morgan Stanley now owns 2,510,839 shares of the basic materials company’s stock valued at $36,632,000 after purchasing an additional 344,998 shares during the last quarter. Institutional investors own 53.96% of the company’s stock.

Several equities research analysts recently issued reports on GG shares. TD Securities decreased their price target on shares of Goldcorp from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 4th. HC Wainwright reaffirmed a “buy” rating on shares of Goldcorp in a report on Monday, September 25th. Canaccord Genuity raised shares of Goldcorp from a “hold” rating to a “buy” rating and set a $16.90 price target on the stock in a report on Friday, September 29th. Royal Bank Of Canada set a $16.00 price target on shares of Goldcorp and gave the company a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub raised shares of Goldcorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Goldcorp currently has a consensus rating of “Hold” and an average price target of $16.66.

COPYRIGHT VIOLATION WARNING: “QS Investors LLC Has $254,000 Stake in Goldcorp Inc. (GG)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/21/qs-investors-llc-has-254000-stake-in-goldcorp-inc-gg.html.

Shares of Goldcorp Inc. (NYSE:GG) opened at 13.09 on Friday. Goldcorp Inc. has a 12-month low of $11.91 and a 12-month high of $17.87. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 24.02 and a beta of -0.07. The firm’s 50-day moving average is $13.28 and its 200-day moving average is $13.52.

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, September 14th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, September 13th. Goldcorp’s dividend payout ratio is 14.55%.

About Goldcorp

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.

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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