Kinross Gold Corporation (USA) (KGC) : Arlington Capital Management added new position in Kinross Gold Corporation (USA) during the most recent quarter end. The investment management firm now holds 2,097,426 shares of Kinross Gold Corporation (USA) which is valued at $11,389,023 , the company said in a statement filed on Aug 2, 2016 with the SEC.Kinross Gold Corporation (USA) makes up approximately 5.85% of Arlington Capital Management’s portfolio.
Other Hedge Funds, Including , Spot Trading L.l.c boosted its stake in KGC in the latest quarter, The investment management firm added 21,850 additional shares and now holds a total of 54,827 shares of Kinross Gold Corporation (USA) which is valued at $297,711. Kinross Gold Corporation (USA) makes up approx 0.04% of Spot Trading L.l.c’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in KGC by selling 851,126 shares or 43.54% in the most recent quarter. The Hedge Fund company now holds 1,103,466 shares of KGC which is valued at $5,991,820. Kinross Gold Corporation (USA) makes up approx 0.08% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Tradewinds Capital Management added KGC to its portfolio by purchasing 480 company shares during the most recent quarter which is valued at $2,482.
Kinross Gold Corporation (USA) opened for trading at $5.25 and hit $5.48 on the upside on Monday, eventually ending the session at $5.4, with a gain of 2.27% or 0.12 points. The heightened volatility saw the trading volume jump to 1,28,71,223 shares. Company has a market cap of $6,720 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.