Alps Advisors Has Cut Kinross Gold (KGC) Stake By $2.41 Million; Borgwarner (BWA)’s Sentiment Is 0.89

September 27, 2017 - By Richard Conner

Alps Advisors Inc decreased Kinross Gold Corp (KGC) stake by 23.9% reported in 2017Q2 SEC filing. Alps Advisors Inc sold 601,716 shares as Kinross Gold Corp (KGC)’s stock rose 9.54%. The Alps Advisors Inc holds 1.92 million shares with $7.80 million value, down from 2.52M last quarter. Kinross Gold Corp now has $5.25 billion valuation. The stock declined 1.64% or $0.07 reaching $4.21 per share. About 7.08 million shares traded. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 13.79% since September 27, 2016 and is downtrending. It has underperformed by 30.49% the S&P500.

BorgWarner Inc. is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The company has market cap of $10.67 billion. The Company’s divisions include Engine and Drivetrain. It has a 56.38 P/E ratio. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems.

Analysts await Kinross Gold Corporation (USA) (NYSE:KGC) to report earnings on November, 1. They expect $0.01 earnings per share, down 90.00% or $0.09 from last year’s $0.1 per share. KGC’s profit will be $12.47M for 105.25 P/E if the $0.01 EPS becomes a reality. After $0.04 actual earnings per share reported by Kinross Gold Corporation (USA) for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.

Alps Advisors Inc increased Mattel Inc (NASDAQ:MAT) stake by 257,047 shares to 2.10 million valued at $45.30M in 2017Q2. It also upped Galapagos Nv stake by 6,200 shares and now owns 45,868 shares. Valero Energy Corp (NYSE:VLO) was raised too.

Among 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Kinross Gold Corporation had 53 analyst reports since July 24, 2015 according to SRatingsIntel. Credit Suisse maintained Kinross Gold Corporation (USA) (NYSE:KGC) on Thursday, March 31 with “Outperform” rating. Citigroup downgraded the shares of KGC in report on Monday, December 5 to “Sell” rating. The stock has “Sector Perform” rating by Robert W. Baird on Monday, August 24. IBC initiated Kinross Gold Corporation (USA) (NYSE:KGC) on Friday, July 24 with “Sector Perform” rating. The company was maintained on Monday, September 18 by Jefferies. The firm earned “Sector Perform” rating on Tuesday, November 24 by RBC Capital Markets. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) has “Buy” rating given on Tuesday, May 23 by Bank of America. The firm has “Neutral” rating given on Tuesday, November 22 by Bank of America. The company was maintained on Monday, September 18 by BMO Capital Markets. BMO Capital Markets upgraded the shares of KGC in report on Monday, May 29 to “Buy” rating.

Analysts await BorgWarner Inc. (NYSE:BWA) to report earnings on October, 26 before the open. They expect $0.86 earnings per share, up 10.26% or $0.08 from last year’s $0.78 per share. BWA’s profit will be $181.49 million for 14.70 P/E if the $0.86 EPS becomes a reality. After $0.96 actual earnings per share reported by BorgWarner Inc. for the previous quarter, Wall Street now forecasts -10.42% negative EPS growth.

Since January 1, 0001, it had 0 buys, and 2 insider sales for $200,871 activity.

Ratings analysis reveals 17% of Borg Warner’s analysts are positive. Out of 6 Wall Street analysts rating Borg Warner, 1 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $39.0 while the high is $43.0. The stock’s average target of $41 is -18.91% below today’s ($50.56) share price. BWA was included in 6 notes of analysts from October 6, 2016. The company was downgraded on Monday, December 19 by Wells Fargo. The firm has “Buy” rating by Jefferies given on Wednesday, November 30. Barclays Capital maintained the stock with “Equal Weight” rating in Friday, February 10 report. The firm earned “Neutral” rating on Thursday, October 6 by Goldman Sachs. The rating was downgraded by Bank of America on Wednesday, November 9 to “Underperform”. As per Tuesday, November 22, the company rating was initiated by Berenberg.

Turtle Creek Asset Management Inc. holds 8.59% of its portfolio in BorgWarner Inc. for 1.78 million shares. Black Creek Investment Management Inc. owns 2.66 million shares or 5.98% of their US portfolio. Moreover, Kiltearn Partners Llp has 4.29% invested in the company for 3.15 million shares. The Georgia-based Cornerstone Investment Partners Llc has invested 3.42% in the stock. Minneapolis Portfolio Management Group Llc, a Minnesota-based fund reported 452,511 shares.