Carmignac Gestion Has Lifted Newmont Mining (NEM) Stake By $42.23 Million; EnLink Midstream, (ENLC) Covered By 3 Bulls

January 17, 2018 - By Clifton Ray

Among 17 analysts covering EnLink Midstream LLC (NYSE:ENLC), 3 have Buy rating, 1 Sell and 13 Hold. Therefore 18% are positive. EnLink Midstream LLC had 58 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America downgraded the shares of ENLC in report on Monday, December 21 to “Neutral” rating. The firm has “Neutral” rating given on Friday, April 1 by Piper Jaffray. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, November 2. Barclays Capital downgraded it to “Equal-Weight” rating and $16 target in Monday, June 20 report. The rating was maintained by Barclays Capital with “Overweight” on Thursday, February 18. The company was maintained on Thursday, August 31 by Jefferies. Jefferies upgraded EnLink Midstream, LLC (NYSE:ENLC) on Wednesday, July 12 to “Hold” rating. RBC Capital Markets maintained EnLink Midstream, LLC (NYSE:ENLC) on Monday, October 9 with “Hold” rating. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, February 18. Robert W. Baird downgraded the stock to “Underperform” rating in Monday, February 8 report. See EnLink Midstream, LLC (NYSE:ENLC) latest ratings:

16/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $20.0 Maintain
12/01/2018 Broker: Jefferies Rating: Hold New Target: $16.0 Maintain
05/01/2018 Broker: Credit Suisse Rating: Neutral New Target: $19 Initiates Coverage On
17/11/2017 Broker: Robert W. Baird Rating: Hold New Target: $21.0 Maintain
17/11/2017 Broker: Goldman Sachs Rating: Neutral Reinitiate
02/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $19.0 Maintain
02/11/2017 Broker: Citigroup Rating: Buy Old Target: $21 New Target: $19 Maintain
24/10/2017 Broker: UBS Rating: Buy New Target: $19.0 Upgrade
10/10/2017 Broker: Seaport Global Rating: Neutral New Target: $16 Initiates Coverage On
09/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $21.0 Maintain

Carmignac Gestion increased Newmont Mining Corp (NEM) stake by 8.04% reported in 2017Q3 SEC filing. Carmignac Gestion acquired 1.14M shares as Newmont Mining Corp (NEM)’s stock declined 9.13%. The Carmignac Gestion holds 15.35M shares with $575.64M value, up from 14.20M last quarter. Newmont Mining Corp now has $21.40B valuation. The stock increased 0.30% or $0.12 during the last trading session, reaching $40.12. About 3.04M shares traded. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since January 17, 2017 and is downtrending. It has underperformed by 18.19% the S&P500.

EnLink Midstream, LLC gathering, transmission, processing, fractionation, storage, stabilization, brine, and marketing services to producers of natural gas, natural gas liquids, crude oil, and condensate in the United States. The company has market cap of $3.36 billion. The Company’s midstream energy asset network includes approximately 11,000 miles of pipelines; 20 natural gas processing plants; 7 fractionators; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. It has a 532.14 P/E ratio. The firm was founded in 2013 and is headquartered in Dallas, Texas.

The stock increased 0.13% or $0.02 during the last trading session, reaching $18.62. About 158,582 shares traded. EnLink Midstream, LLC (NYSE:ENLC) has risen 22.63% since January 17, 2017 and is uptrending. It has outperformed by 5.93% the S&P500.

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 84 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies upgraded Newmont Mining Corporation (NYSE:NEM) on Tuesday, January 12 to “Buy” rating. The firm has “Buy” rating by Citigroup given on Tuesday, August 2. The rating was maintained by BMO Capital Markets on Monday, August 21 with “Buy”. The stock of Newmont Mining Corporation (NYSE:NEM) has “Hold” rating given on Tuesday, October 3 by Jefferies. Jefferies maintained the stock with “Hold” rating in Tuesday, June 20 report. UBS maintained it with “Neutral” rating and $17.50 target in Wednesday, September 30 report. The stock of Newmont Mining Corporation (NYSE:NEM) has “Hold” rating given on Thursday, October 19 by TD Securities. Howard Weil upgraded the shares of NEM in report on Monday, August 31 to “Outperform” rating. The firm earned “Overweight” rating on Thursday, November 3 by JP Morgan. BMO Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) on Monday, December 18 with “Buy” rating.

Carmignac Gestion decreased Pioneer Natural Resources Co (Prn) (Call) (NYSE:PXD) stake by 2.98 million shares to 50,000 valued at $7.38M in 2017Q3. It also reduced Yy Inc (NASDAQ:YY) stake by 132,514 shares and now owns 122,569 shares. Noble Energy Inc (Prn) (Call) (NYSE:NBL) was reduced too.

Since August 1, 2017, it had 0 buys, and 12 selling transactions for $1.32 million activity. $37,350 worth of Newmont Mining Corporation (NYSE:NEM) was sold by Goldberg Gary J. Another trade for 10,250 shares valued at $392,268 was sold by Dorward-King Elaine J. The insider Lawson Scott P sold 5,000 shares worth $189,250. The insider Palmer Thomas Ronald sold 1,250 shares worth $48,250. $211,527 worth of stock was sold by Engel E Randall on Tuesday, August 1. Gottesfeld Stephen P had sold 5,000 shares worth $185,550.

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.47, from 0.93 in 2017Q2. It increased, as 35 investors sold NEM shares while 147 reduced holdings. 85 funds opened positions while 169 raised stakes. 427.26 million shares or 26.53% more from 337.68 million shares in 2017Q2 were reported. 1.88 million are owned by Great West Life Assurance Comm Can. Creative Planning reported 9,790 shares. Dupont Cap Mngmt owns 0.06% invested in Newmont Mining Corporation (NYSE:NEM) for 65,258 shares. Amica Pension Fund Board Of Trustees reported 0.09% in Newmont Mining Corporation (NYSE:NEM). Moreover, State Treasurer State Of Michigan has 0.05% invested in Newmont Mining Corporation (NYSE:NEM). 10,202 are held by Wolverine Asset Management Ltd Liability Co. Ruffer Llp has 201,273 shares. State Bank Of Hawaii invested 0.1% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Chevy Chase Holdings owns 0.11% invested in Newmont Mining Corporation (NYSE:NEM) for 632,039 shares. Cannell Peter B And Inc reported 19,210 shares stake. 75,307 are owned by Sg Americas Securities Ltd Liability Corporation. Louisiana State Employees Retirement System has invested 0.06% in Newmont Mining Corporation (NYSE:NEM). M&R Mgmt Inc stated it has 2,050 shares. Commerzbank Aktiengesellschaft Fi owns 0.53% invested in Newmont Mining Corporation (NYSE:NEM) for 1.07M shares. 21,097 are owned by Everence Capital.

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