Kinross Gold Corporation (USA) (KGC) : Valtura Capital Partners added new position in Kinross Gold Corporation (USA) during the most recent quarter end. The investment management firm now holds 228,955 shares of Kinross Gold Corporation (USA) which is valued at $1,192,856 , the company said in a statement filed on Aug 15, 2016 with the SEC.Kinross Gold Corporation (USA) makes up approximately 4.45% of Valtura Capital Partners’s portfolio.
Other Hedge Funds, Including , Magnetar Financial added KGC to its portfolio by purchasing 34,005 company shares during the most recent quarter which is valued at $177,166.Donald Smith reduced its stake in KGC by selling 261,164 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 69,453,803 shares of KGC which is valued at $361,854,314. Kinross Gold Corporation (USA) makes up approx 9.24% of Donald Smith’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.Blackrock Fund Advisors reduced its stake in KGC by selling 154,753 shares or 13.46% in the most recent quarter. The Hedge Fund company now holds 994,978 shares of KGC which is valued at $5,183,835. Commonwealth Equity Services Inc sold out all of its stake in KGC during the most recent quarter. The investment firm sold 11,867 shares of KGC which is valued $62,658.
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.