Kinross Gold Corporation (USA) (KGC) : Van Eck Associates Corp scooped up 2,347,110 additional shares in Kinross Gold Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 75,569,870 shares of Kinross Gold Corporation (USA) which is valued at $393,719,023.Kinross Gold Corporation (USA) makes up approximately 1.83% of Van Eck Associates Corp’s portfolio.
Other Hedge Funds, Including , 1832 Asset Management added KGC to its portfolio by purchasing 451 company shares during the most recent quarter which is valued at $2,350.Dimensional Fund Advisors Lp boosted its stake in KGC in the latest quarter, The investment management firm added 27,077 additional shares and now holds a total of 176,544 shares of Kinross Gold Corporation (USA) which is valued at $953,338.Point View Wealth Management reduced its stake in KGC by selling 9,081 shares or 14.65% in the most recent quarter. The Hedge Fund company now holds 52,902 shares of KGC which is valued at $279,323. Kinross Gold Corporation (USA) makes up approx 0.16% of Point View Wealth Management’s portfolio.Great West Life Assurance Co Can reduced its stake in KGC by selling 682,852 shares or 10.18% in the most recent quarter. The Hedge Fund company now holds 6,025,354 shares of KGC which is valued at $32,717,672. Kinross Gold Corporation (USA) makes up approx 0.10% of Great West Life Assurance Co Can’s portfolio.
Kinross Gold Corporation (USA) opened for trading at $4.24 and hit $4.4301 on the upside on Monday, eventually ending the session at $4.37, with a gain of 1.63% or 0.07 points. The heightened volatility saw the trading volume jump to 1,40,71,131 shares. Company has a market cap of $5,438 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.