Goldcorp Inc. (GG) Stake Lessened by D.A. Davidson & CO.

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D.A. Davidson & CO. cut its stake in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 16.3% during the fourth quarter, HoldingsChannel reports. The firm owned 16,950 shares of the basic materials company’s stock after selling 3,293 shares during the period. D.A. Davidson & CO.’s holdings in Goldcorp were worth $166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its holdings in shares of Goldcorp by 28.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 47,359 shares of the basic materials company’s stock worth $464,000 after buying an additional 10,555 shares during the period. Heathbridge Capital Management Ltd. boosted its holdings in shares of Goldcorp by 3.3% during the 4th quarter. Heathbridge Capital Management Ltd. now owns 2,648,800 shares of the basic materials company’s stock worth $25,960,000 after buying an additional 85,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Goldcorp by 3.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 468,963 shares of the basic materials company’s stock worth $4,591,000 after buying an additional 14,589 shares during the period. Pembroke Management LTD bought a new stake in shares of Goldcorp during the 4th quarter worth $134,000. Finally, We Are One Seven LLC bought a new stake in shares of Goldcorp during the 4th quarter worth $92,000. 54.38% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the stock. UBS Group downgraded shares of Goldcorp from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Tuesday. Cormark reaffirmed a “hold” rating on shares of Goldcorp in a report on Tuesday, January 29th. Raymond James reaffirmed a “market perform” rating and set a $14.00 price objective on shares of Goldcorp in a report on Tuesday, January 15th. Vertical Research downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, Macquarie downgraded shares of Goldcorp from an “outperform” rating to a “neutral” rating in a report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.53.

NYSE:GG opened at $10.77 on Thursday. The firm has a market cap of $9.40 billion, a P/E ratio of 26.93 and a beta of 0.30. Goldcorp Inc. has a one year low of $8.42 and a one year high of $14.66. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 0.18.

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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.

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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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