Guinness Asset Management LTD Has Upped Cisco Sys (CSCO) Stake By $1.91 Million, 7 Analysts Bullish Detour Gold (TSE:DGC)

June 6, 2017 - By Nellie Frank

Guinness Asset Management Ltd increased Cisco Sys Inc (CSCO) stake by 20.99% reported in 2016Q4 SEC filing. Guinness Asset Management Ltd acquired 63,601 shares as Cisco Sys Inc (CSCO)’s stock declined 7.50%. The Guinness Asset Management Ltd holds 366,631 shares with $11.08M value, up from 303,030 last quarter. Cisco Sys Inc now has $157.00 billion valuation. The stock declined 0.45% or $0.14 reaching $31.62 on the news. About 6.75M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since June 6, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Among 10 analysts covering Detour Gold Corporation (TSE:DGC), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Detour Gold Corporation had 49 analyst reports since August 4, 2015 according to SRatingsIntel. TD Securities maintained the shares of DGC in report on Friday, April 28 with “Buy” rating. The stock has “Buy” rating by TD Securities on Friday, July 29. The stock has “Outperform” rating by Scotia Capital on Friday, April 28. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, January 14. Scotia Capital maintained Detour Gold Corporation (TSE:DGC) rating on Wednesday, March 15. Scotia Capital has “Outperform” rating and $24 target. As per Friday, July 29, the company rating was maintained by Desjardins Securities. The firm earned “Outperform” rating on Wednesday, June 8 by Scotia Capital. The rating was downgraded by IBC on Thursday, November 3 to “Sector Perform”. The firm has “Outperform” rating given on Monday, June 27 by National Bank Canada. On Monday, August 24 the stock rating was maintained by RBC Capital Markets with “Outperform”. See Detour Gold Corporation (TSE:DGC) latest ratings:

28/04/2017 Broker: Scotia Capital Rating: Outperform New Target: $21.00 Maintain
28/04/2017 Broker: TD Securities Rating: Buy New Target: $22.00 Maintain
24/03/2017 Broker: TD Securities Rating: Old Target: $25.00 New Target: $22.00 Target Down
24/03/2017 Broker: IBC Rating: Old Target: $21.00 New Target: $17.00 Target Down
23/03/2017 Broker: Scotia Capital Rating: Outperform Old Target: $24.00 New Target: $21.00 Target Down
23/03/2017 Broker: Credit Suisse Rating: Old Target: $21.00 New Target: $19.00 Target Down
21/03/2017 Broker: Canaccord Genuity Rating: Buy Old Target: $26.50 New Target: $25.00 Target Down
15/03/2017 Broker: Scotia Capital Rating: Outperform New Target: $24.00 Maintain
02/02/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $25.00 New Target: $23.00 Target Down
31/01/2017 Broker: Scotia Capital Rating: Outperform Old Target: $25.00 New Target: $24.00 Target Down

About 895,486 shares traded. Detour Gold Corporation (TSE:DGC) has 0.00% since June 6, 2016 and is . It has underperformed by 16.70% the S&P500.

Detour Gold Corporation is a Canada intermediate gold producing company. The company has market cap of $3.14 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It currently has negative earnings. The Company’s primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane.

Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.02, from 1.09 in 2016Q3. It dived, as 81 investors sold CSCO shares while 635 reduced holdings. 117 funds opened positions while 651 raised stakes. 3.60 billion shares or 0.42% more from 3.58 billion shares in 2016Q3 were reported. Schaper Benz & Wise Invest Counsel Incorporated Wi has 466,576 shares for 2.5% of their portfolio. The Virginia-based Thompson Siegel & Walmsley Limited Liability has invested 0.27% in Cisco Systems, Inc. (NASDAQ:CSCO). Regions Corp invested in 0.99% or 2.66 million shares. Juncture Wealth Strategies Ltd Liability Corporation invested in 36,429 shares. First City Mngmt Incorporated reported 0.48% stake. Cleararc Capital has 0.95% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Ngam Advsr Ltd Partnership accumulated 3.36 million shares. One Natl Association invested in 0.32% or 142,724 shares. New York-based Boyar Asset Inc has invested 1.39% in Cisco Systems, Inc. (NASDAQ:CSCO). Quantitative Systematic Strategies Ltd Liability Corporation reported 22,150 shares. Brown Brothers Harriman Com invested in 0.01% or 71,849 shares. First Foundation Advisors accumulated 70,229 shares. Fisher Asset Management Ltd Liability Corp holds 0.82% or 15.59M shares in its portfolio. 9,440 were reported by Pinnacle Advisory Gp. Palo Incorporated reported 0.41% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO).

Guinness Asset Management Ltd decreased Schlumberger Ltd (NYSE:SLB) stake by 16,700 shares to 167,240 valued at $14.04 million in 2016Q4. It also reduced Ja Solar Holdings Co Ltd (NASDAQ:JASO) stake by 93,200 shares and now owns 406,348 shares. Imperial Oil Ltd (NYSEMKT:IMO) was reduced too.

Among 31 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Cisco Systems Inc. had 70 analyst reports since August 4, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, May 9 by BMO Capital Markets. The firm earned “Overweight” rating on Monday, May 15 by Morgan Stanley. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, May 19 with “Outperform” rating. Citigroup maintained it with “Buy” rating and $35 target in Thursday, August 18 report. As per Thursday, February 11, the company rating was maintained by Deutsche Bank. As per Thursday, August 18, the company rating was maintained by Cowen & Co. Goldman Sachs downgraded Cisco Systems, Inc. (NASDAQ:CSCO) rating on Wednesday, June 15. Goldman Sachs has “Neutral” rating and $32 target. As per Thursday, May 19, the company rating was maintained by JP Morgan. As per Monday, August 15, the company rating was maintained by Barclays Capital. Bank of America downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, April 5 to “Neutral” rating.

Since December 23, 2016, it had 1 insider buy, and 8 sales for $22.41 million activity. CHAMBERS JOHN T also sold $10.07M worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. WEST STEVEN M bought $102,679 worth of stock or 3,027 shares. 13,869 shares were sold by SARIN ARUN, worth $472,436. On Wednesday, March 15 the insider BHATT PRAT sold $537,050. 1,793 shares valued at $54,525 were sold by Walker Karen on Friday, December 23. Another trade for 16,000 shares valued at $544,640 was made by CHANDLER MARK D on Thursday, March 9. Dedicoat Chris sold $1.18 million worth of stock or 34,597 shares.