Caxton Associates LP Has $3.83 Million Holdings in Goldcorp Inc. (GG)

Caxton Associates LP lowered its position in shares of Goldcorp Inc. (NYSE:GG) (TSE:G) by 33.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,000 shares of the basic materials company’s stock after selling 150,000 shares during the quarter. Caxton Associates LP’s holdings in Goldcorp were worth $3,831,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Private Advisor Group LLC bought a new stake in shares of Goldcorp during the third quarter valued at approximately $137,000. Cerebellum GP LLC bought a new stake in shares of Goldcorp during the fourth quarter valued at approximately $133,000. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Goldcorp during the fourth quarter valued at approximately $179,000. Stephens Inc. AR bought a new stake in shares of Goldcorp during the third quarter valued at approximately $173,000. Finally, Sigma Planning Corp bought a new stake in shares of Goldcorp during the third quarter valued at approximately $210,000. 52.10% of the stock is currently owned by institutional investors and hedge funds.

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GG has been the topic of several recent analyst reports. ValuEngine cut shares of Goldcorp from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Monday, January 8th. TD Securities upgraded shares of Goldcorp from a “buy” rating to an “action list buy” rating and lifted their price objective for the company from $20.00 to $22.00 in a research report on Wednesday, January 17th. HSBC cut shares of Goldcorp from a “buy” rating to a “hold” rating and set a $14.80 price objective on the stock. in a research report on Wednesday, November 22nd. Finally, Scotiabank lifted their price objective on shares of Goldcorp from $17.00 to $17.50 and gave the company an “outperform” rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.51.

Shares of Goldcorp Inc. (NYSE GG) opened at $13.01 on Friday. Goldcorp Inc. has a 1 year low of $11.64 and a 1 year high of $16.38. The firm has a market cap of $11,270.00, a price-to-earnings ratio of 17.12, a P/E/G ratio of 2.97 and a beta of 0.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.91 and a quick ratio of 0.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 15th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.61%. The ex-dividend date is Wednesday, March 14th. Goldcorp’s dividend payout ratio is presently 10.53%.

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Goldcorp Company Profile

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.

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Institutional Ownership by Quarter for Goldcorp (NYSE:GG)

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