Kinross Gold Corporation (USA) (KGC) : Odey Holdings Ag added new position in Kinross Gold Corporation (USA) during the most recent quarter end. The investment management firm now holds 13,000 shares of Kinross Gold Corporation (USA) which is valued at $43,680 , the company said in a statement filed on Nov 14, 2016 with the SEC.Kinross Gold Corporation (USA) makes up approximately 1.89% of Odey Holdings Ag’s portfolio.
Other Hedge Funds, Including , Edmond De Rothschild Holding S.a. reduced its stake in KGC by selling 21,000 shares or 7.96% in the most recent quarter. The Hedge Fund company now holds 242,700 shares of KGC which is valued at $815,472. Kinross Gold Corporation (USA) makes up approx 0.03% of Edmond De Rothschild Holding S.a.’s portfolio. Spot Trading L.l.c sold out all of its stake in KGC during the most recent quarter. The investment firm sold 54,827 shares of KGC which is valued $217,115.World Asset Management Inc boosted its stake in KGC in the latest quarter, The investment management firm added 6,389 additional shares and now holds a total of 82,257 shares of Kinross Gold Corporation (USA) which is valued at $317,512. Kinross Gold Corporation (USA) makes up approx 0.01% of World Asset Management Inc’s portfolio.Acadian Asset Management reduced its stake in KGC by selling 4,503,434 shares or 34.76% in the most recent quarter. The Hedge Fund company now holds 8,453,281 shares of KGC which is valued at $32,460,599. Kinross Gold Corporation (USA) makes up approx 0.16% of Acadian Asset Management’s portfolio.
Kinross Gold Corporation (USA) closed down -0.17 points or -4.78% at $3.39 with 1,50,09,601 shares getting traded on Monday. Post opening the session at $3.45, the shares hit an intraday low of $3.33 and an intraday high of $3.53 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Kinross Gold Corporation (USA) reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.05. The company had revenue of $910.20 million for the quarter, compared to analysts expectations of $908.04 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on Kinross Gold Corporation (USA). Kinross Gold Corporation (USA) was Initiated by Berenberg to “Buy” on Sep 7, 2016.
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.