Donald Smith (Trades, Portfolio) is the chief investment officer of Donald Smith & Co. He has $3.6 billion under management and compounded annualized return has been 15.3% 30 years since inception. During the third quarter the guru’s largest trades were the following:
He raised his stake in Iamgold Corp. (IAG) by 279.64% with an impact of 2.59% on the portfolio.
It is a gold mining company that explores, develops and operates gold mining properties. It also operates the niobium mine. Third quarter net earnings were $17.0 million or 4 cents per share compared to a net loss of $12.2 million or 3 cents per share in the second quarter and a net loss of $85.0 million or 22 cents per share in the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of -33.91% and ROA of -20.96% that are underperforming 70% of the companies in the Global Gold industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.88 that is below the industry median of 18.80.
Other shareholders among the gurus are Jim Simons (Trades, Portfolio) with 3.07% of outstanding shares, First Eagle Investment (Trades, Portfolio) with 1.26%, John Paulson (Trades, Portfolio) with 0.95% and Jeremy Grantham (Trades, Portfolio) with 0.14%.
The investor almost closed his stake in Toyota Motor Corp. ADRÂ (TM) with a decrease of 99.95% and an impact of -1.9% on the portfolio.
The company designs, manufactures and sells sedans, minivans, compact cars, sport utility vehicles, trucks and related parts and accessories. It also provides financing, vehicle and equipment leasing and certain other financial services. During the third quarter net revenues decreased 7.2% year over year, and operating income decreased 29% year over year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 13.11% and ROA of 4.66% that are outperforming 57% of the companies in the Global Auto Manufacturers industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.28 that is below the industry median of 0.72.
Simons is the largest shareholder with 0.06% of outstanding shares followed by Charles Brandes (Trades, Portfolio) with 0.02%.
The guru reduced his stake in Alamos Gold Inc. (AGI) by 78.89% with an impact of -1% on the portfolio.
It is engaged in the exploration, mine development and extraction of precious metals. It owns and operates the Mulatos mine and holds the mineral rights to the Salamandra group of concessions in the state of Sonora, Mexico.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of -6.01% and ROA of -4.14% that are outperforming 59% of the companies in the Global Gold industry. Financial strength has a rating of 7 out of 10 with no debt.
Notable shareholders among the gurus are Chuck Royce (Trades, Portfolio) with 0.42% of outstanding shares followed by Simons with 0.33%, Mario Gabelli (Trades, Portfolio) with 0.06% and Louis Moore Bacon (Trades, Portfolio) with 0.03%.
The investor reduced his shares in Kinross Gold Corp. (KGC) by 10.20% with an impact of -0.94% on the portfolio.
It is a gold mining company that is engaged in exploration, acquisition, extraction and processing od gold-bearing properties and reclamation of gold-mining properties. During the third quarter adjusted operating cash flow grew 55% and adjusted net earnings were up $153 million year over year.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of -22.34% and ROA -11.76% that are underperforming 61% of the companies in the Global Gold industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.49 that is below the industry median of 18.80.
Notable shareholders among the gurus are Simons with 3.35% of outstanding shares followed by Bacon with 0.21%, First Eagle Investment with 0.19% and Ray Dalio (Trades, Portfolio) with 0.07%.
The guru reduced his stake in Coeur Mining Inc. (CDE) by 28.15% with an impact of -0.61% on the portfolio.
It is a silver producer with gold production and mines located in the U.S., Mexico and Bolivia; a silver streaming interest in Australia; and exploration projects in Mexico and Argentina. During the third quarter free cash flow grew 20% year over year, and total debt declined 21%.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of -44.83% and ROA of -16.62% that are underperforming 74% of the companies in the Global Silver industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.54 that is below the industry median of 18.80.
Simons is another notable shareholder among the gurus with 2.98% of outstanding shares followed by Royce with 0.06% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
The guru almost closed his stake in Tech Data Corp. (TECD) with a decrease of 99.55% and an impact of -0.53% on the portfolio.
It is a distributor of information technology (IT) products and provider of logistics management and other value-added services.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 10.70% and ROA of 3.48% that are outperforming 55% of the companies in the Global Computer Distribution industry. Financial strength has a rating of 7 out of 10 with cash to debt of 1.93 that is a few above the industry median of 1.43.
The largest shareholder among the gurus is Grantham with 0.63% of outstanding shares followed by John Hussman (Trades, Portfolio) with 0.28%, Joel Greenblatt (Trades, Portfolio) with 0.26%, Jones with 0.02% and David Dreman (Trades, Portfolio) with 0.01%.
The investor reduced his shares in Veritiv Corp. (VRTV) by 81.03% with an impact of -0.3% on the portfolio.
The company is engaged in business-to-business printing, packaging and facility supplies and equipment distribution services to printers, manufacturers, retailers and commercial facilities.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of 6.76% and ROA of 1.45% that are outperforming 65% of the companies in the Global Business Equipment industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.05 that is below the industry median of 1.13.
Seth Klarman (Trades, Portfolio) is the largest shareholder among the gurus with 19.03% of outstanding shares.
The guru increased his stake in Fly Leasing Ltd. ADRÂ (FLY) by 30.80% with an impact of 0.24% on the portfolio.
It is a lessor of modern, fuel-efficient commercial jet aircraft. Its aircraft are leased under long-term to medium-term contracts to a diverse group of airlines.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 11.22% is out performing and ROA of 2.12% that is underperforming 55% of the companies in the Global Rental & Leasing Services industry. Financial strength has a rating of 4 out of 10, with cash to debt of 0.18 that is below industry median of 0.65.
A notable shareholder among the gurus is Simons with 0.54% of outstanding shares.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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