Jabre Capital Partners S.a. Exits Position in Kinross Gold Corporation (USA) (KGC)

Kinross Gold Corporation (USA) (KGC) : Jabre Capital Partners S.a. has sold out all of its stake in Kinross Gold Corporation (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 350,000 shares of Kinross Gold Corporation (USA) which is valued at $1,823,500.

Other Hedge Funds, Including , Corecommodity Management reduced its stake in KGC by selling 3,579 shares or 30.73% in the most recent quarter. The Hedge Fund company now holds 8,069 shares of KGC which is valued at $42,039. Kinross Gold Corporation (USA) makes up approx 0.04% of Corecommodity Management’s portfolio.Canada Pension Plan Investment Board reduced its stake in KGC by selling 1,730,400 shares or 51.9% in the most recent quarter. The Hedge Fund company now holds 1,604,004 shares of KGC which is valued at $8,356,861. Kinross Gold Corporation (USA) makes up approx 0.03% of Canada Pension Plan Investment Board’s portfolio.Quantbot Technologies Lp boosted its stake in KGC in the latest quarter, The investment management firm added 73,694 additional shares and now holds a total of 80,701 shares of Kinross Gold Corporation (USA) which is valued at $438,206. Kinross Gold Corporation (USA) makes up approx 0.05% of Quantbot Technologies Lp’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). Kinross Gold Corporation (USA) was Initiated by Berenberg to “Buy” on Sep 7, 2016. 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.

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.

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