Kinross Gold Corporation (USA) (KGC) : Altrinsic Global Advisors reduced its stake in Kinross Gold Corporation (USA) by 32.43% during the most recent quarter end. The investment management company now holds a total of 13,199,467 shares of Kinross Gold Corporation (USA) which is valued at $68,769,223 after selling 6,335,887 shares in Kinross Gold Corporation (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Kinross Gold Corporation (USA) makes up approximately 1.88% of Altrinsic Global Advisors’s portfolio.
Other Hedge Funds, Including , Qs Investors added KGC to its portfolio by purchasing 11,200 company shares during the most recent quarter which is valued at $58,352.State Of Wisconsin Investment Board boosted its stake in KGC in the latest quarter, The investment management firm added 104,200 additional shares and now holds a total of 1,143,484 shares of Kinross Gold Corporation (USA) which is valued at $5,957,552. Kinross Gold Corporation (USA) makes up approx 0.02% of State Of Wisconsin Investment Board’s portfolio. Nine Chapters Capital Management sold out all of its stake in KGC during the most recent quarter. The investment firm sold 59,200 shares of KGC which is valued $319,680.Bnp Paribas Investment Partners S.a. reduced its stake in KGC by selling 18,578 shares or 23.17% in the most recent quarter. The Hedge Fund company now holds 61,603 shares of KGC which is valued at $325,264.Concert Wealth Management boosted its stake in KGC in the latest quarter, The investment management firm added 1,675 additional shares and now holds a total of 21,675 shares of Kinross Gold Corporation (USA) which is valued at $112,060. Kinross Gold Corporation (USA) makes up approx 0.01% of Concert Wealth Management’s portfolio.
Kinross Gold Corporation (USA) opened for trading at $3.98 and hit $4.189 on the upside on Thursday, eventually ending the session at $4.18, with a gain of 4.76% or 0.19 points. The heightened volatility saw the trading volume jump to 2,34,18,440 shares. Company has a market cap of $5,201 M.
On the company’s financial health, Kinross Gold Corporation (USA) reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.01. The company had revenue of $876.40 million for the quarter, compared to analysts expectations of $871.63 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.
Many Wall Street Analysts have commented on Kinross Gold Corporation (USA). Citigroup Initiated Kinross Gold Corporation (USA) on Aug 2, 2016 to “Neutral”, Price Target of the shares are set at $5.50.Kinross Gold Corporation (USA) was Upgraded by Jefferies to ” Hold” on Jul 14, 2016. Company shares were Upgraded by Deutsche Bank on Jul 6, 2016 to ” Hold”, Firm has raised the Price Target to $ 4.50 from a previous price target of $3.10 .
Kinross Gold Corporation is a senior gold mining company. The Company is engaged in gold mining and related activities including exploration and acquisition of gold-bearing properties the extraction and processing of gold-containing ore and reclamation of gold mining properties. The Company’s segments include Fort Knox Round Mountain Kettle River-Buckhorn Kupol Paracatu Maricunga Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada the United States the Russian Federation Brazil Chile Ghana and Mauritania. Its gold is produced in the form of dore which is shipped to refineries for final processing. It also produces and sells silver.