Sentry Investment Management LLC Purchases 40,480 Shares of Goldcorp Inc. (GG)

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Sentry Investment Management LLC raised its position in Goldcorp Inc. (NYSE:GG) (TSE:G) by 18.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 263,002 shares of the basic materials company’s stock after purchasing an additional 40,480 shares during the period. Sentry Investment Management LLC’s holdings in Goldcorp were worth $2,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc raised its holdings in shares of Goldcorp by 0.3% in the 3rd quarter. CIBC Asset Management Inc now owns 17,043,530 shares of the basic materials company’s stock worth $173,513,000 after buying an additional 44,653 shares in the last quarter. TD Asset Management Inc. raised its holdings in shares of Goldcorp by 15.8% in the 3rd quarter. TD Asset Management Inc. now owns 14,928,339 shares of the basic materials company’s stock worth $151,986,000 after buying an additional 2,036,742 shares in the last quarter. Majedie Asset Management Ltd raised its holdings in shares of Goldcorp by 15.8% in the 3rd quarter. Majedie Asset Management Ltd now owns 10,034,717 shares of the basic materials company’s stock worth $102,354,000 after buying an additional 1,371,946 shares in the last quarter. Ruffer LLP raised its holdings in shares of Goldcorp by 3.2% in the 2nd quarter. Ruffer LLP now owns 8,580,206 shares of the basic materials company’s stock worth $117,592,000 after buying an additional 268,222 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Goldcorp by 15.6% in the 2nd quarter. Toronto Dominion Bank now owns 7,142,615 shares of the basic materials company’s stock worth $98,460,000 after buying an additional 966,420 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. ValuEngine cut Goldcorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Citigroup cut Goldcorp from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Tuesday, September 25th. BMO Capital Markets raised Goldcorp from a “market perform” rating to an “outperform” rating and set a $14.79 target price for the company in a report on Thursday, October 25th. They noted that the move was a valuation call. Raymond James dropped their target price on Goldcorp from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, September 20th. Finally, Royal Bank of Canada dropped their target price on Goldcorp from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Goldcorp has a consensus rating of “Hold” and an average price target of $15.58.

NYSE GG opened at $9.19 on Friday. The company has a market cap of $8.11 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 12.65 and a beta of 0.09. Goldcorp Inc. has a one year low of $8.42 and a one year high of $15.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.48 and a current ratio of 0.83.

Goldcorp (NYSE:GG) (TSE:G) last released its quarterly earnings results on Wednesday, October 24th. The basic materials company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.06). The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $714.46 million. Goldcorp had a return on equity of 0.97% and a net margin of 2.47%. Analysts forecast that Goldcorp Inc. will post 0.07 earnings per share for the current fiscal year.

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Goldcorp 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.

See Also: What are CEFs?

Want to see what other hedge funds are holding GG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldcorp Inc. (NYSE:GG) (TSE:G).

Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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