As Western Digital (WDC) Stock Price Declined, Herald Investment Management LTD Boosted by $362,480 Its Position; Scheer Rowlett & Associates Investment Management LTD Position in Goldcorp (GG) Decreased by $13.21 Million

June 21, 2018 - By wolcottdaily

Goldcorp Inc. (NYSE:GG) Logo

Scheer Rowlett & Associates Investment Management Ltd decreased its stake in Goldcorp Inc. (GG) by 23.2% based on its latest 2018Q1 regulatory filing with the SEC. Scheer Rowlett & Associates Investment Management Ltd sold 1.02 million shares as the company’s stock rose 9.94% while stock markets declined. The institutional investor held 3.36M shares of the precious metals company at the end of 2018Q1, valued at $46.43 million, down from 4.38M at the end of the previous reported quarter. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Goldcorp Inc. for a number of months, seems to be less bullish one the $11.91B market cap company. The stock decreased 1.10% or $0.15 during the last trading session, reaching $13.45. About 4.21 million shares traded. Goldcorp Inc. (NYSE:GG) has risen 3.69% since June 21, 2017 and is uptrending. It has underperformed by 8.88% the S&P500. Some Historical GG News: 14/05/2018 – Banco Santander SA Buys New 1.5% Position in Goldcorp; 25/04/2018 – GOLDCORP REAFFIRMS FORECAST FOR YEAR GOLD PRODUCTION; 15/05/2018 – Goldcorp Closes Below 50-Day Moving Average: Technicals; 14/05/2018 – Banco Santander Adds Goldcorp, Exits D.R. Horton: 13F; 25/04/2018 – Goldcorp 1Q EPS 8c; 06/03/2018 GOLDCORP DECLARES QUARTERLY DIVIDEND OF $0.02 PER SHARE; 21/05/2018 – Goldcorp Says Peru and Nevada Would Make Its Portfolio Perfect; 25/04/2018 – Goldcorp 1Q Net $67M; 26/04/2018 – SPHINX RESOURCES – IN CONNECTION WITH DEAL, GOLDCORP WILL ACQUIRE 14% INTEREST IN QPM UNDER SUBSCRIPTION AGREEMENT BETWEEN CANADA STRATEGIC & GOLDCORP; 30/04/2018 – Tr’ondëk Hwëch’in and Goldcorp Sign Collaboration Agreement

Herald Investment Management Ltd increased its stake in Western Digital Corp (WDC) by 87.56% based on its latest 2018Q1 regulatory filing with the SEC. Herald Investment Management Ltd bought 3,940 shares as the company’s stock declined 3.22% with the market. The institutional investor held 8,440 shares of the electronic components company at the end of 2018Q1, valued at $778,000, up from 4,500 at the end of the previous reported quarter. Herald Investment Management Ltd who had been investing in Western Digital Corp for a number of months, seems to be bullish on the $24.21 billion market cap company. The stock increased 0.84% or $0.67 during the last trading session, reaching $80.89. About 3.57 million shares traded. Western Digital Corporation (NASDAQ:WDC) has declined 3.27% since June 21, 2017 and is downtrending. It has underperformed by 15.84% the S&P500. Some Historical WDC News: 03/04/2018 – Western Digital Enables the Evolution of Modern Workflows at NAB 2018; 26/04/2018 – Western Digital 3Q Net $61M; 20/03/2018 – Ruder Finn Appoints Ryan Donovan to Head San Francisco Office; 26/04/2018 – WESTERN DIGITAL 3Q NET REV. $5.0B, EST. $4.93B; 26/04/2018 – Western Digital 3Q Rev $5B; 27/03/2018 – Western Digital Provides Cost-Effective, Hybrid-Cloud Backup and Recovery Solution with StorReduce Software for Enterprises; 16/03/2018 – Western Dig: Get Set for NAND Supply Tightness, Says Baird — Barron’s Blog; 15/05/2018 – Western Digital Targets At Least 50% of Repurchases for Rest of Current Fiscal Quarter; 05/03/2018 MFS Technology Adds TE Connectivity, Exits Western Digital; 09/03/2018 – Toshiba expects to complete chip unit sale by June at latest – exec

More recent Goldcorp Inc. (NYSE:GG) news were published by: Streetinsider.com which released: “First new all-electric mine dumps diesel; cuts costs, pollution” on June 21, 2018. Also Fool.com published the news titled: “Will Goldcorp’s Ambitious 5-Year Growth Plan Succeed?” on June 21, 2018. Fool.com‘s news article titled: “Is Goldcorp Inc. (GG) a Buy?” with publication date: May 31, 2018 was also an interesting one.

Among 21 analysts covering Goldcorp Inc. (NYSE:GG), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Goldcorp Inc. had 64 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, October 23 with “Hold”. RBC Capital Markets upgraded Goldcorp Inc. (NYSE:GG) on Wednesday, November 1 to “Buy” rating. The stock has “Buy” rating by Credit Suisse on Monday, January 15. The company was maintained on Monday, June 12 by RBC Capital Markets. The stock of Goldcorp Inc. (NYSE:GG) has “Neutral” rating given on Tuesday, March 15 by Macquarie Research. The firm has “Buy” rating by Scotia Capital given on Tuesday, January 16. Jefferies maintained Goldcorp Inc. (NYSE:GG) rating on Monday, September 18. Jefferies has “Hold” rating and $13.0 target. The stock of Goldcorp Inc. (NYSE:GG) earned “Buy” rating by RBC Capital Markets on Sunday, December 3. The stock of Goldcorp Inc. (NYSE:GG) has “Neutral” rating given on Wednesday, May 11 by Goldman Sachs. The rating was maintained by Jefferies on Wednesday, April 25 with “Hold”.

Analysts await Goldcorp Inc. (NYSE:GG) to report earnings on July, 25. They expect $0.12 earnings per share, 0.00% or $0.00 from last year’s $0.12 per share. GG’s profit will be $106.29M for 28.02 P/E if the $0.12 EPS becomes a reality. After $0.08 actual earnings per share reported by Goldcorp Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Scheer Rowlett & Associates Investment Management Ltd, which manages about $1.57 billion US Long portfolio, upped its stake in Bank Of Nova Scotia (NYSE:BNS) by 150,765 shares to 1.56 million shares, valued at $95.79 million in 2018Q1, according to the filing. It also increased its holding in Barrick Gold Corp. (NYSE:ABX) by 1.10 million shares in the quarter, for a total of 3.07M shares, and has risen its stake in Transalta Corp. (NYSE:TAC).

More news for Western Digital Corporation (NASDAQ:WDC) were recently published by: Investorplace.com, which released: “Nasdaq Hits Record High: 5 Tech Stocks Defying Trade Fears” on June 21, 2018. Forbes.com‘s article titled: “What Are Western Digital’s Key Sources Of Revenue?” and published on June 12, 2018 is yet another important article.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.09, from 1.07 in 2017Q4. It worsened, as 55 investors sold WDC shares while 244 reduced holdings. 93 funds opened positions while 201 raised stakes. 242.29 million shares or 0.38% less from 243.21 million shares in 2017Q4 were reported. Bridgeway Capital Mgmt has 0.69% invested in Western Digital Corporation (NASDAQ:WDC) for 698,610 shares. Piedmont Inv Advsrs Ltd Liability Corporation reported 24,881 shares. Advsr Asset reported 0.05% in Western Digital Corporation (NASDAQ:WDC). Blackrock reported 19.36 million shares or 0.09% of all its holdings. Alphamark Advisors Limited Liability has invested 0.01% in Western Digital Corporation (NASDAQ:WDC). Lord Abbett & Ltd Liability reported 52,100 shares stake. Gideon Capital Advsr Inc has 3,574 shares for 0.2% of their portfolio. Acg Wealth has invested 0.03% in Western Digital Corporation (NASDAQ:WDC). Fuller Thaler Asset Mngmt holds 1,900 shares. Loomis Sayles And LP owns 888 shares or 0% of their US portfolio. Millennium Mngmt Limited Company stated it has 0.17% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Two Sigma Securities Limited Company stated it has 0.01% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Oak Associate Ltd Oh reported 0.61% stake. Amp Invsts Ltd accumulated 220,265 shares or 0.11% of the stock. Webster Retail Bank N A holds 0.02% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 1,200 shares.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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