Semper Augustus Investments Group Has Increased Its Goldcorp New (GG) Holding; Fieldpoint Petroleum (NYSEMKT:FPP) Shorts Up By 101.76%

May 24, 2017 - By Michael Collier

Semper Augustus Investments Group Llc increased Goldcorp Inc New (GG) stake by 18.68% reported in 2016Q4 SEC filing. Semper Augustus Investments Group Llc acquired 69,820 shares as Goldcorp Inc New (GG)’s stock declined 20.41%. The Semper Augustus Investments Group Llc holds 443,630 shares with $6.03 million value, up from 373,810 last quarter. Goldcorp Inc New now has $11.15 billion valuation. The stock rose 0.04% or $0.01 reaching $13.56 per share. About 1.67M shares traded. Goldcorp Inc. (USA) (NYSE:GG) has declined 19.95% since May 24, 2016 and is downtrending. It has underperformed by 36.65% the S&P500.

Fieldpoint Petroleum Corporation (NYSEMKT:FPP) had an increase of 101.76% in short interest. FPP’s SI was 34,300 shares in May as released by FINRA. Its up 101.76% from 17,000 shares previously. With 30,800 avg volume, 1 days are for Fieldpoint Petroleum Corporation (NYSEMKT:FPP)’s short sellers to cover FPP’s short positions. The SI to Fieldpoint Petroleum Corporation’s float is 0.57%. It is 0.11% or $0 reaching $0.35 per share. It is down 52.38% since May 24, 2016 and is downtrending. It has underperformed by 69.08% the S&P500.

Among 17 analysts covering Goldcorp Inc. (NYSE:GG), 5 have Buy rating, 0 Sell and 12 Hold. Therefore 29% are positive. Goldcorp Inc. had 32 analyst reports since July 24, 2015 according to SRatingsIntel. On Tuesday, March 15 the stock rating was downgraded by Macquarie Research to “Neutral”. As per Wednesday, December 21, the company rating was upgraded by TD Securities. Canaccord Genuity downgraded Goldcorp Inc. (USA) (NYSE:GG) on Tuesday, February 16 to “Hold” rating. The stock has “Market Perform” rating by BMO Capital Markets on Monday, December 19. Goldman Sachs downgraded the shares of GG in report on Wednesday, May 11 to “Neutral” rating. The firm has “Sector Perform” rating by IBC given on Friday, February 12. The stock has “Buy” rating by TD Securities on Friday, October 30. Scotia Capital maintained the shares of GG in report on Friday, April 28 with “Outperform” rating. On Monday, April 11 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The firm earned “Outperform” rating on Friday, July 24 by IBC.

FieldPoint Petroleum Corporation is engaged in the acquisition, operation and development of oil and natural gas properties, which are located in Louisiana, New Mexico, Oklahoma, South Central Texas and Wyoming. The company has market cap of $3.96 million. The Company’s principal oil and natural gas properties include Block A-49, Spraberry Trend, Giddings Field and Serbin Field in Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field and Loving North Morrow Field in New Mexico; Apache Field, Chickasha Field and West Allen Field in Oklahoma; Longwood Field in Louisiana, and Big Muddy Field in Wyoming. It currently has negative earnings. The Firm has varying ownership interest in approximately 470 gross wells located in approximately five states.