Connor Clark & Lunn Investment Management LTD Decreased Its Newmont Mining Corp. (NEM) Position as Shares Rose; Talara Capital Management Boosted Qep Res (QEP) Holding by $10.82 Million as Stock Price Rose

June 20, 2018 - By Hazel Jackson

Newmont Mining Corporation (NYSE:NEM) Logo

Connor Clark & Lunn Investment Management Ltd decreased its stake in Newmont Mining Corp. (NEM) by 93.45% based on its latest 2018Q1 regulatory filing with the SEC. Connor Clark & Lunn Investment Management Ltd sold 226,950 shares as the company’s stock rose 0.31% while stock markets declined. The institutional investor held 15,900 shares of the precious metals company at the end of 2018Q1, valued at $621,000, down from 242,850 at the end of the previous reported quarter. Connor Clark & Lunn Investment Management Ltd who had been investing in Newmont Mining Corp. for a number of months, seems to be less bullish one the $20.48B market cap company. The stock increased 0.08% or $0.03 during the last trading session, reaching $38.38. About 963,137 shares traded. Newmont Mining Corporation (NYSE:NEM) has risen 17.98% since June 20, 2017 and is uptrending. It has outperformed by 5.41% the S&P500. Some Historical NEM News: 24/04/2018 – NEWMONT REPORTS QTRLY DIV OF $0.14/SHR; 09/04/2018 – NEWMONT SAYS AHAFO MILL EXPANSION PROJECT REMAINS SUSPENDED; 09/04/2018 – Lydian Terminates Newmont Royalty Agreement and Elects Fixed Payment Option; 26/04/2018 – Newmont Mining 1Q Net $192M; 09/04/2018 – NEWMONT SAYS AHAFO & AKYEM MINES RESTARTED AFTER ACCIDENT; 09/04/2018 – NEWMONT- AHAFO MILL EXPANSION AND ALL SURFACE CIVIL CONSTRUCTION WORK TO REMAIN SUSPENDED UNTIL CO, AUTHORITIES ARE SATISFIED OF SAFE WORK RESUMPTION; 09/04/2018 – LYDIAN INTERNATIONAL LTD – EXERCISED OPTION TO TERMINATE ROYALTY AGREEMENT WITH NEWMONT OVERSEAS EXPLORATION LIMITED; 26/04/2018 – Newmont Mining 1Q Adj EPS 35c; 09/04/2018 – Newmont Mining: Six Construction Contractors Dead in From April 7 Accident; 20/04/2018 – DJ Newmont Mining Corporation, Inst Holders, 1Q 2018 (NEM)

David Zusman increased its stake in Qep Res Inc (QEP) by 42.33% based on its latest 2018Q1 regulatory filing with the SEC. Talara Capital Management Llc bought 1.20 million shares as the company’s stock rose 34.81% while stock markets declined. The hedge fund run by David Zusman held 4.04M shares of the energy company at the end of 2018Q1, valued at $39.59M, up from 2.84 million at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $2.74 billion market cap company. The stock decreased 0.26% or $0.03 during the last trading session, reaching $11.54. About 741,341 shares traded. QEP Resources, Inc. (NYSE:QEP) has risen 16.36% since June 20, 2017 and is uptrending. It has outperformed by 3.79% the S&P500. Some Historical QEP News: 25/04/2018 – CNBC Wires: QEP Resources: 1Q Earnings Snapshot; 03/04/2018 Q.E.P. Co., Inc. Announces Expansion of Its Board of Directors; 04/04/2018 – Q.E.P. Co., Inc. Announces Acquisition in Australia; 25/04/2018 – QEP – REDUCED CAPITAL ALLOCATED TO WILLISTON BASIN, HAYNESVILLE/COTTON VALLEY ASSETS FOR REST OF 2018 TO SUPPORT ADDITIONAL INVESTMENT IN PERMIAN BASIN; 09/05/2018 – EnerCom Updates Presenting Companies for its 23rd Annual – The Oil & Gas ConferenceĀ®; 25/04/2018 – QEP RESOURCES INC – QTRLY TOTAL REVENUES $428.9 MLN VS $420.1 MLN; 25/04/2018 – Yahoo! Finance: QEP Resources: 1Q Earnings Snapshot; 15/05/2018 – Q.E.P. CO., INC. Reports Fiscal 2018 Year-End Sales and Earnings; 04/04/2018 – QEP REPORTS PURCHASE OF SOME PR FLOORS PTY ASSETS; 15/05/2018 – The Bank Of Nova Scotia Buys New 1% Position in QEP

Among 25 analysts covering Newmont Mining Corporation (NYSE:NEM), 14 have Buy rating, 1 Sell and 10 Hold. Therefore 56% are positive. Newmont Mining Corporation had 94 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 22 by Bank of America. As per Tuesday, May 30, the company rating was maintained by RBC Capital Markets. Jefferies maintained the shares of NEM in report on Wednesday, August 30 with “Hold” rating. The rating was maintained by Jefferies on Friday, July 14 with “Hold”. As per Monday, September 25, the company rating was maintained by BMO Capital Markets. BMO Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) on Monday, April 24 with “Buy” rating. RBC Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) rating on Tuesday, April 3. RBC Capital Markets has “Sell” rating and $4400 target. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, July 18. The stock has “Overweight” rating by Morgan Stanley on Tuesday, June 12. Standpoint Research upgraded the stock to “Buy” rating in Thursday, December 29 report.

Connor Clark & Lunn Investment Management Ltd, which manages about $26.75B and $16.52B US Long portfolio, upped its stake in Tenneco Inc (NYSE:TEN) by 7,650 shares to 37,450 shares, valued at $2.06M in 2018Q1, according to the filing. It also increased its holding in Medtronic Plc (NYSE:MDT) by 48,250 shares in the quarter, for a total of 184,502 shares, and has risen its stake in Boeing Company (NYSE:BA).

Investors sentiment decreased to 1.02 in Q1 2018. Its down 0.04, from 1.06 in 2017Q4. It fall, as 38 investors sold NEM shares while 183 reduced holdings. 65 funds opened positions while 161 raised stakes. 428.96 million shares or 0.02% more from 428.87 million shares in 2017Q4 were reported. Kentucky Retirement System has invested 0.09% in Newmont Mining Corporation (NYSE:NEM). Profund Limited Liability holds 0.14% of its portfolio in Newmont Mining Corporation (NYSE:NEM) for 89,068 shares. Quantbot Techs Limited Partnership stated it has 0.02% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Amalgamated Bancorporation holds 0.07% or 66,452 shares in its portfolio. Da Davidson And invested 0.01% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Oregon Pub Employees Retirement Fund has 151,626 shares. 204,741 were accumulated by Knightsbridge Asset Mngmt Ltd Liability Co. Mitsubishi Ufj Corp reported 0.08% of its portfolio in Newmont Mining Corporation (NYSE:NEM). 116,400 are owned by Proshare Ltd. Gabelli Funds Llc invested in 2.53 million shares. Laurion Cap Management LP stated it has 119,024 shares. Mackay Shields Ltd Liability owns 0.09% invested in Newmont Mining Corporation (NYSE:NEM) for 385,303 shares. Fukoku Mutual Life stated it has 0.02% in Newmont Mining Corporation (NYSE:NEM). 13,846 were accumulated by First Quadrant LP Ca. Banque Pictet And Cie has invested 0.13% in Newmont Mining Corporation (NYSE:NEM).

Analysts await Newmont Mining Corporation (NYSE:NEM) to report earnings on July, 24. They expect $0.33 earnings per share, down 28.26% or $0.13 from last year’s $0.46 per share. NEM’s profit will be $176.05 million for 29.08 P/E if the $0.33 EPS becomes a reality. After $0.35 actual earnings per share reported by Newmont Mining Corporation for the previous quarter, Wall Street now forecasts -5.71% negative EPS growth.

More recent Newmont Mining Corporation (NYSE:NEM) news were published by: Seekingalpha.com which released: “Newmont Mining (NEM) ESG Briefing – Slideshow” on May 23, 2018. Also Benzinga.com published the news titled: “A Look Back At What’s Happened To Each Sector Through The First Half Of 2018 (Part 2)” on June 19, 2018. Seekingalpha.com‘s news article titled: “Ghana gold miners welcome new government export tests” with publication date: May 31, 2018 was also an interesting one.

Since January 2, 2018, it had 0 insider purchases, and 24 sales for $2.60 million activity. Palmer Thomas Ronald sold 1,250 shares worth $48,600. Goldberg Gary J sold $154,977 worth of Newmont Mining Corporation (NYSE:NEM) on Tuesday, May 1. On Thursday, February 1 the insider Engel E Randall sold $229,311. Another trade for 3,000 shares valued at $116,259 was sold by Dorward-King Elaine J. $77,940 worth of Newmont Mining Corporation (NYSE:NEM) was sold by Buese Nancy. Another trade for 5,000 shares valued at $194,446 was sold by MacGowan William N.

Among 27 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 13 Hold. Therefore 48% are positive. QEP Resources had 73 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Hold” rating by SunTrust on Monday, April 16. BMO Capital Markets maintained QEP Resources, Inc. (NYSE:QEP) on Tuesday, October 10 with “Buy” rating. Credit Suisse initiated QEP Resources, Inc. (NYSE:QEP) rating on Monday, December 11. Credit Suisse has “Sell” rating and $9.0 target. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Hold” rating by SunTrust on Tuesday, February 6. JP Morgan initiated QEP Resources, Inc. (NYSE:QEP) rating on Tuesday, April 12. JP Morgan has “Overweight” rating and $17 target. PiperJaffray maintained it with “Overweight” rating and $12 target in Monday, September 18 report. The rating was upgraded by Mizuho on Tuesday, November 21 to “Buy”. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Buy” rating by Piper Jaffray on Thursday, October 19. On Friday, April 29 the stock rating was upgraded by Raymond James to “Strong Buy”. The rating was downgraded by JP Morgan to “Neutral” on Friday, July 28.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.13, from 1.03 in 2017Q4. It fall, as 32 investors sold QEP shares while 91 reduced holdings. 46 funds opened positions while 65 raised stakes. 227.66 million shares or 9.75% more from 207.43 million shares in 2017Q4 were reported. Mackay Shields Ltd Limited Liability Company holds 123,000 shares. Invesco Limited holds 12.51 million shares or 0.05% of its portfolio. Wallington Asset Management Limited Liability holds 24,737 shares. Pub Employees Retirement Association Of Colorado holds 0% or 48,308 shares in its portfolio. Tocqueville Asset Mngmt Lp reported 0% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Shelton Cap Mngmt has 17,033 shares for 0.01% of their portfolio. Commonwealth Of Pennsylvania School Empls Retrmt has 89,308 shares. California-based Aperio Gru Ltd Liability Com has invested 0% in QEP Resources, Inc. (NYSE:QEP). State Street Corporation invested in 0.01% or 10.86 million shares. Rafferty Asset Mngmt Limited Liability invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Riverhead Cap Mngmt Lc has 0.07% invested in QEP Resources, Inc. (NYSE:QEP) for 176,605 shares. Arizona State Retirement Systems invested 0.02% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Ing Groep Nv invested in 36,648 shares or 0.01% of the stock. Virginia Retirement Sys Et Al owns 157,300 shares or 0.02% of their US portfolio. Susquehanna International Grp Inc Llp holds 0% or 212,670 shares.

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