As G (GIII) Share Value Declined, 1492 Capital Management Has Boosted by $2.39 Million Its Holding; Newmont Mining Com (NEM) Shares Rose While Cibc World Markets Has Cut Holding

April 17, 2018 - By Vivian Currie

Newmont Mining Corporation (NYSE:NEM) Logo

Cibc World Markets Corp decreased its stake in Newmont Mining Corp Com (NEM) by 55.51% based on its latest 2017Q4 regulatory filing with the SEC. Cibc World Markets Corp sold 181,885 shares as the company’s stock rose 5.72% while stock markets declined. The institutional investor held 145,783 shares of the precious metals company at the end of 2017Q4, valued at $5.47 million, down from 327,668 at the end of the previous reported quarter. Cibc World Markets Corp who had been investing in Newmont Mining Corp Com for a number of months, seems to be less bullish one the $22.18B market cap company. The stock increased 0.34% or $0.14 during the last trading session, reaching $41.56. About 866,766 shares traded. Newmont Mining Corporation (NYSE:NEM) has risen 15.10% since April 17, 2017 and is uptrending. It has outperformed by 3.55% the S&P500.

1492 Capital Management Llc increased its stake in G (GIII) by 183.86% based on its latest 2017Q4 regulatory filing with the SEC. 1492 Capital Management Llc bought 66,497 shares as the company’s stock declined 1.27% with the market. The institutional investor held 102,664 shares of the consumer non-durables company at the end of 2017Q4, valued at $3.79M, up from 36,167 at the end of the previous reported quarter. 1492 Capital Management Llc who had been investing in G for a number of months, seems to be bullish on the $1.88 billion market cap company. The stock decreased 0.05% or $0.02 during the last trading session, reaching $38.26. About 41,682 shares traded. G-III Apparel Group, Ltd. (NASDAQ:GIII) has risen 85.88% since April 17, 2017 and is uptrending. It has outperformed by 74.33% the S&P500.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.34, from 1.4 in 2017Q3. It is negative, as 38 investors sold NEM shares while 178 reduced holdings. 70 funds opened positions while 160 raised stakes. 428.87 million shares or 0.38% more from 427.26 million shares in 2017Q3 were reported. Moreover, Veritable Lp has 0.01% invested in Newmont Mining Corporation (NYSE:NEM). Raymond James & Assocs reported 0% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Winslow Evans And Crocker reported 11,996 shares. First Quadrant Limited Partnership Ca holds 484,527 shares or 0.34% of its portfolio. Voya Invest Management Ltd Co holds 389,096 shares. Marietta Partners Ltd Llc reported 8,830 shares or 0.09% of all its holdings. Moreover, Riverhead Limited Liability Company has 0.07% invested in Newmont Mining Corporation (NYSE:NEM) for 43,607 shares. Greatmark Invest Ptnrs reported 7,540 shares. Alpha Windward Ltd holds 1,022 shares. Price T Rowe Assoc Md holds 0.08% or 13.45 million shares in its portfolio. Balyasny Asset Mngmt Limited Liability stated it has 14,627 shares or 0% of all its holdings. Meyer Handelman holds 281,302 shares. Moreover, Css Ltd Il has 0.08% invested in Newmont Mining Corporation (NYSE:NEM). Macquarie Group Incorporated has 0% invested in Newmont Mining Corporation (NYSE:NEM) for 12,700 shares. Hsbc Public Ltd Com reported 972,818 shares or 0.05% of all its holdings.

Analysts await Newmont Mining Corporation (NYSE:NEM) to report earnings on April, 26 before the open. They expect $0.32 earnings per share, up 28.00% or $0.07 from last year’s $0.25 per share. NEM’s profit will be $170.79M for 32.47 P/E if the $0.32 EPS becomes a reality. After $0.40 actual earnings per share reported by Newmont Mining Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Among 25 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. Newmont Mining Corporation had 93 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) on Monday, June 12 with “Hold” rating. The rating was initiated by BMO Capital Markets with “Outperform” on Thursday, August 13. The stock of Newmont Mining Corporation (NYSE:NEM) earned “Hold” rating by Jefferies on Friday, July 14. The firm has “Mkt Perform” rating given on Wednesday, July 20 by FBR Capital. As per Thursday, March 1, the company rating was maintained by Citigroup. Citigroup initiated the shares of NEM in report on Tuesday, August 2 with “Buy” rating. The stock of Newmont Mining Corporation (NYSE:NEM) has “Sector Perform” rating given on Tuesday, January 10 by Scotia Capital. The rating was upgraded by Mackie to “Buy” on Monday, October 31. Clarkson Capital initiated Newmont Mining Corporation (NYSE:NEM) on Tuesday, February 16 with “Buy” rating. The rating was maintained by TD Securities with “Hold” on Wednesday, April 26.

Since January 2, 2018, it had 0 insider purchases, and 12 sales for $1.06 million activity. The insider Dorward-King Elaine J sold 3,000 shares worth $117,994. Shares for $47,363 were sold by Palmer Thomas Ronald on Tuesday, January 2. Another trade for 1,489 shares valued at $58,593 was sold by Lawson Scott P. Engel E Randall sold $229,311 worth of Newmont Mining Corporation (NYSE:NEM) on Thursday, February 1. $189,550 worth of stock was sold by Gottesfeld Stephen P on Thursday, March 1.

Cibc World Markets Corp, which manages about $13.92B US Long portfolio, upped its stake in Apache Corp (NYSE:APA) by 21,476 shares to 76,971 shares, valued at $3.25 million in 2017Q4, according to the filing. It also increased its holding in Cabot Oil & Gas Corp (NYSE:COG) by 26,124 shares in the quarter, for a total of 93,501 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

1492 Capital Management Llc, which manages about $188.45 million and $128.23M US Long portfolio, decreased its stake in Oclaro Inc (NASDAQ:OCLR) by 302,518 shares to 5,363 shares, valued at $36,000 in 2017Q4, according to the filing. It also reduced its holding in Usa Technologies Inc (NASDAQ:USAT) by 54,162 shares in the quarter, leaving it with 442,708 shares, and cut its stake in Nektar Therapeutics (NASDAQ:NKTR).

Among 14 analysts covering G-III Apparel Group (NASDAQ:GIII), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. G-III Apparel Group had 60 analyst reports since August 4, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Hold” rating in Friday, March 23 report. The firm earned “Buy” rating on Monday, July 17 by Buckingham Research. KeyBanc Capital Markets maintained the shares of GIII in report on Wednesday, October 18 with “Buy” rating. The firm has “Hold” rating given on Tuesday, November 8 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, January 9 by Piper Jaffray. Piper Jaffray maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) on Wednesday, September 6 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, January 6. The rating was maintained by Buckingham Research with “Buy” on Friday, March 23. The firm has “Buy” rating by Wunderlich given on Tuesday, June 6. The rating was maintained by Cowen & Co on Wednesday, October 11 with “Hold”.

Newmont Mining Corporation (NYSE:NEM) Institutional Positions Chart

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