Goldcorp Inc (GG) Is It Worthy for Investors?

Baird Financial Group Inc. owned about 0.09% of Goldcorp worth $10,852,000 as of its most recent SEC filing. (NYSE:GG) that has shown a discernible change in trend levels over the path of recent market activity. The fund owned 1,191,305 shares of the basic materials company's stock after purchasing an additional 419,770 shares during the quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Highlander Capital Management LLC raised its stake in shares of Goldcorp by 4.7% during the second quarter. First Allied Advisory Services Inc. acquired a new stake in Goldcorp in the second quarter valued at approximately $155,000. Koch Industries Inc. purchased a new position in Goldcorp in the second quarter worth $163,000. Swiss National Bank lifted its holdings in shares of Goldcorp by 1.0% in the third quarter. First Interstate Bank now owns 13,050 shares of the basic materials company's stock worth $168,000 after buying an additional 300 shares during the last quarter.

The focus shifting on performance of the Goldcorp Inc. (GG) opened at $12.29 on Wednesday. The company has a market capitalization of $10,740.00, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 3.07 and a beta of -0.10. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. Goldcorp has a 1-year low of $11.91 and a 1-year high of $17.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Commerzbank Aktiengesellschaft FI now owns 1,896,225 shares of the basic materials company's stock worth $24,480,000 after acquiring an additional 1,085,011 shares in the last quarter. This represents a $0.08 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, December 13th. Goldcorp's payout ratio is now 13.11%. HSBC cut Goldcorp from a "buy" rating to a "hold" rating and set a $14.80 price objective for the company.in a research report on Wednesday, November 22nd. Finally, Jefferies Group LLC set a $15.00 price objective on Goldcorp and gave the stock a "hold" rating in a report on Tuesday, March 14th.

The company reported its EPS on 9/29/2017. Royal Bank Of Canada raised Goldcorp from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $15.00 to $18.00 in a research report on Wednesday, November 1st. Finally, Canaccord Genuity raised Goldcorp from a "hold" rating to a "buy" rating and set a $16.90 price objective for the company in a research report on Friday, September 29th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $17.28 on the stock, this valuation is based on 21 number of opinions. "(NYSE:GG)" was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this story on another site, it was stolen and republished in violation of USA and global trademark and copyright legislation.

Goldcorp has operations in Canada, the US, Mexico and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. While for the Next 5 years, the company could expect a growth of 50.96% per annum, whereas in the past Five years Goldcorp Inc.

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