Kinross Gold Corporation (USA) (KGC) : Odey Asset Management Group Ltd scooped up 20,480,513 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 Nov 14, 2016. The investment management firm now holds a total of 35,964,319 shares of Kinross Gold Corporation (USA) which is valued at $120,840,112.Kinross Gold Corporation (USA) makes up approximately 9.34% of Odey Asset Management Group Ltd’s portfolio.
Other Hedge Funds, Including , Ontario Teachers Pension Plan Board reduced its stake in KGC by selling 109,930 shares or 80.16% in the most recent quarter. The Hedge Fund company now holds 27,205 shares of KGC which is valued at $91,409.Nn Investment Partners Holdings N.v. boosted its stake in KGC in the latest quarter, The investment management firm added 200,516 additional shares and now holds a total of 542,580 shares of Kinross Gold Corporation (USA) which is valued at $2,159,468. Kinross Gold Corporation (USA) makes up approx 0.02% of Nn Investment Partners Holdings N.v.’s portfolio. Engineers Gate Manager Lp sold out all of its stake in KGC during the most recent quarter. The investment firm sold 10,000 shares of KGC which is valued $39,800.Contrarius Investment Management Ltd reduced its stake in KGC by selling 3,761,193 shares or 28.33% in the most recent quarter. The Hedge Fund company now holds 9,513,628 shares of KGC which is valued at $37,864,239. Kinross Gold Corporation (USA) makes up approx 2.83% of Contrarius Investment Management Ltd’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.