Impala Asset Management Has Raised Newmont Mining (NEM) Position By $7.93 Million, Odey Asset Management Group LTD Has Cut Its Grupo Financiero Galicia S A (GGAL) Position

June 7, 2017 - By Clifton Ray

Impala Asset Management Llc increased Newmont Mining Corp (NEM) stake by 14.69% reported in 2016Q4 SEC filing. Impala Asset Management Llc acquired 233,352 shares as Newmont Mining Corp (NEM)’s stock declined 9.13%. The Impala Asset Management Llc holds 1.82 million shares with $62.08M value, up from 1.59M last quarter. Newmont Mining Corp now has $19.64 billion valuation. The stock declined 0.54% or $0.19 reaching $35.21 on the news. About 1.59 million shares traded. Newmont Mining Corp (NYSE:NEM) has declined 1.49% since June 7, 2016 and is downtrending. It has underperformed by 18.19% the S&P500.

Odey Asset Management Group Ltd decreased Grupo Financiero Galicia S A (GGAL) stake by 11.04% reported in 2016Q4 SEC filing. Odey Asset Management Group Ltd sold 28,727 shares as Grupo Financiero Galicia S A (GGAL)’s stock rose 23.69%. The Odey Asset Management Group Ltd holds 231,498 shares with $6.23M value, down from 260,225 last quarter. Grupo Financiero Galicia S A now has $4.59 billion valuation. The stock declined 0.54% or $0.25 reaching $45.67 per share. About 103,143 shares traded. Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) has risen 63.44% since June 7, 2016 and is uptrending. It has outperformed by 46.74% the S&P500.

Among 3 analysts covering Grupo Financiero Galicia (NASDAQ:GGAL), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Grupo Financiero Galicia had 5 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Tuesday, March 29. The firm earned “Buy” rating on Friday, August 7 by Zacks. The stock has “Neutral” rating by JP Morgan on Tuesday, February 9. The stock of Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) earned “Outperform” rating by Credit Suisse on Friday, October 28. As per Monday, August 22, the company rating was upgraded by Citigroup.

Odey Asset Management Group Ltd increased Discover Finl Svcs (NYSE:DFS) stake by 17,500 shares to 44,500 valued at $3.21M in 2016Q4. It also upped Liberty Media Corp Delaware stake by 197,525 shares and now owns 1.15 million shares. Bank Amer Corp (NYSE:BAC) was raised too.

Among 22 analysts covering Newmont Mining Corporation (NYSE:NEM), 11 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive. Newmont Mining Corporation had 61 analyst reports since July 24, 2015 according to SRatingsIntel. As per Wednesday, January 27, the company rating was upgraded by Bank of America. The stock of Newmont Mining Corp (NYSE:NEM) has “Neutral” rating given on Monday, December 5 by Citigroup. The rating was downgraded by RBC Capital Markets on Thursday, March 16 to “Sector Perform”. On Thursday, August 13 the stock rating was initiated by BMO Capital Markets with “Outperform”. The rating was maintained by UBS with “Neutral” on Wednesday, September 30. On Tuesday, November 22 the stock rating was upgraded by Bank of America to “Buy”. The stock of Newmont Mining Corp (NYSE:NEM) earned “Neutral” rating by Clarkson Platou on Monday, April 18. The stock of Newmont Mining Corp (NYSE:NEM) has “Sector Perform” rating given on Tuesday, January 10 by Scotia Capital. Standpoint Research upgraded the shares of NEM in report on Thursday, December 29 to “Buy” rating. As per Monday, December 7, the company rating was maintained by FBR Capital.

Since January 31, 2017, it had 0 insider buys, and 8 sales for $799,558 activity. On Monday, February 27 the insider Engel E Randall sold $435,278. Shares for $33,740 were sold by Goldberg Gary J. Lawson Scott P had sold 1,500 shares worth $53,745.

Impala Asset Management Llc decreased Harley Davidson Inc (NYSE:HOG) stake by 169,745 shares to 1.07M valued at $62.44M in 2016Q4. It also reduced United States Stl Corp New (NYSE:X) stake by 370,250 shares and now owns 2.12 million shares. Fedex Corp (NYSE:FDX) was reduced too.

Investors sentiment decreased to 0.85 in 2016 Q4. Its down 0.01, from 0.86 in 2016Q3. It dropped, as 108 investors sold NEM shares while 164 reduced holdings. 60 funds opened positions while 171 raised stakes. 367.62 million shares or 0.42% more from 366.10 million shares in 2016Q3 were reported. Bancorporation Of New York Mellon Corporation reported 700,000 shares. 903 were accumulated by Baystate Wealth Management. Aqr Capital Ltd reported 4.61M shares stake. Hillsdale Investment Management accumulated 8,700 shares or 0.06% of the stock. Raymond James Fincl Serv Incorporated has 0.01% invested in Newmont Mining Corp (NYSE:NEM) for 51,315 shares. Caisse De Depot Et Placement Du Quebec reported 0.01% stake. Amica Retiree Medical Tru owns 0.08% invested in Newmont Mining Corp (NYSE:NEM) for 3,025 shares. Balasa Dinverno Foltz Ltd Liability Co stated it has 0.04% in Newmont Mining Corp (NYSE:NEM). Rockefeller Fincl Serv Inc reported 324 shares. Swiss Fincl Bank invested 0.22% of its portfolio in Newmont Mining Corp (NYSE:NEM). Citadel Ltd owns 112,849 shares or 0% of their US portfolio. Hap Trading Limited Company owns 14,992 shares. State Of Tennessee Treasury Department holds 404,379 shares. Hudock Capital Grp Ltd Liability reported 0.01% stake. Dupont Capital Corp holds 0.03% of its portfolio in Newmont Mining Corp (NYSE:NEM) for 34,396 shares.