Goldcorp Inc. (GG) Stake Lowered by A. D. Beadell Investment Counsel Inc. – Fairfield Current

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A. D. Beadell Investment Counsel Inc. trimmed its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,325 shares of the basic materials company’s stock after selling 6,325 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in Goldcorp were worth $169,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc raised its position in shares of Goldcorp by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 23,690,937 shares of the basic materials company’s stock valued at $241,647,000 after purchasing an additional 669,533 shares during the period. Vanguard Group Inc. raised its position in shares of Goldcorp by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 23,690,937 shares of the basic materials company’s stock valued at $241,647,000 after purchasing an additional 669,533 shares during the period. CIBC Asset Management Inc raised its position in shares of Goldcorp by 0.3% during the 3rd quarter. CIBC Asset Management Inc now owns 17,043,530 shares of the basic materials company’s stock valued at $173,513,000 after purchasing an additional 44,653 shares during the period. Franklin Resources Inc. raised its position in shares of Goldcorp by 34.1% during the 3rd quarter. Franklin Resources Inc. now owns 16,506,800 shares of the basic materials company’s stock valued at $168,091,000 after purchasing an additional 4,198,072 shares during the period. Finally, TD Asset Management Inc. raised its position in shares of Goldcorp by 15.8% during the 3rd quarter. TD Asset Management Inc. now owns 14,928,339 shares of the basic materials company’s stock valued at $151,986,000 after purchasing an additional 2,036,742 shares during the period. Hedge funds and other institutional investors own 54.38% of the company’s stock.

Several brokerages have recently commented on GG. Cormark restated a “hold” rating on shares of Goldcorp in a research report on Tuesday, January 29th. Raymond James restated a “market perform” rating and set a $14.00 price objective on shares of Goldcorp in a research report on Tuesday, January 15th. Vertical Research downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Macquarie downgraded shares of Goldcorp from an “outperform” rating to a “neutral” rating in a research report on Monday, January 7th. Finally, UBS Group began coverage on shares of Goldcorp in a research report on Friday, January 4th. They set a “buy” rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Goldcorp currently has an average rating of “Hold” and a consensus target price of $13.63.

GG opened at $10.97 on Tuesday. The firm has a market cap of $9.55 billion, a P/E ratio of 27.43 and a beta of 0.30. Goldcorp Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $14.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.48.

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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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