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Kopernik Global Investors Cut Its Kinross Gold (KGC) Position by $9.64 Million; Salem Investment Counselors Upped Position in Nvidia (NVDA)

Salem Investment Counselors Inc increased its stake in Nvidia Corp (NVDA) by 3507.79% based on its latest 2017Q3 regulatory filing with the SEC. Salem Investment Counselors Inc bought 8,559 shares as the company’s stock rose 26.83% with the market. The institutional investor held 8,803 shares of the semiconductors company at the end of 2017Q3, valued at $1.57M, up from 244 at the end of the previous reported quarter. Salem Investment Counselors Inc who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $147.77B market cap company. The stock decreased 1.08% or $2.66 during the last trading session, reaching $243.84. About 15.94 million shares traded or 5.14% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since February 20, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

David Iben decreased its stake in Kinross Gold Corp (KGC) by 18.15% based on its latest 2017Q3 regulatory filing with the SEC. Kopernik Global Investors Llc sold 2.41 million shares as the company’s stock rose 9.54% with the market. The hedge fund run by David Iben held 10.87M shares of the precious metals company at the end of 2017Q3, valued at $46.09 million, down from 13.28M at the end of the previous reported quarter. Kopernik Global Investors Llc who had been investing in Kinross Gold Corp for a number of months, seems to be less bullish one the $4.86 billion market cap company. The stock decreased 1.01% or $0.04 during the last trading session, reaching $3.94. About 10.37 million shares traded or 4.29% up from the average. Kinross Gold Corporation (NYSE:KGC) has declined 13.79% since February 20, 2017 and is downtrending. It has underperformed by 30.49% the S&P500.

Kopernik Global Investors Llc, which manages about $958.73 million and $478.45 million US Long portfolio, upped its stake in Cloud Peak Energy Inc (NYSE:CLD) by 167,978 shares to 4.44 million shares, valued at $16.24M in 2017Q3, according to the filing. It also increased its holding in Goldcorp Inc New (NYSE:GG) by 419,770 shares in the quarter, for a total of 1.19 million shares, and has risen its stake in New Gold Inc Cda (NYSEMKT:NGD).

Analysts await Kinross Gold Corporation (NYSE:KGC) to report earnings on February, 21. They expect $0.04 EPS, up 200.00% or $0.08 from last year’s $-0.04 per share. KGC’s profit will be $49.37 million for 24.63 P/E if the $0.04 EPS becomes a reality. After $0.07 actual EPS reported by Kinross Gold Corporation for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.

Among 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Kinross Gold Corporation had 61 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, July 6 by Deutsche Bank. The stock of Kinross Gold Corporation (NYSE:KGC) earned “Neutral” rating by Macquarie Research on Friday, July 1. The rating was downgraded by Citigroup to “Sell” on Monday, December 5. The company was maintained on Monday, September 25 by RBC Capital Markets. The rating was downgraded by Robert W. Baird to “Sector Perform” on Monday, August 24. The rating was maintained by TD Securities on Thursday, October 19 with “Buy”. TD Securities upgraded Kinross Gold Corporation (NYSE:KGC) rating on Thursday, May 11. TD Securities has “Action List Buy” rating and $5.50 target. The stock of Kinross Gold Corporation (NYSE:KGC) earned “Equal Weight” rating by Barclays Capital on Friday, February 12. The stock of Kinross Gold Corporation (NYSE:KGC) earned “Hold” rating by Jefferies on Friday, July 14. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, July 18.

Since September 1, 2017, it had 0 insider purchases, and 12 selling transactions for $82.89 million activity. $18.27 million worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by HUANG JEN HSUN. Kress Colette also sold $31,732 worth of NVIDIA Corporation (NASDAQ:NVDA) shares. SEAWELL A BROOKE had sold 30,000 shares worth $5.11M on Friday, September 1. Another trade for 33,498 shares valued at $6.34 million was sold by Shoquist Debora. $15.02M worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by STEVENS MARK A. Another trade for 409 shares valued at $69,943 was sold by Byron Michael.

Salem Investment Counselors Inc, which manages about $1.19B and $856.27 million US Long portfolio, decreased its stake in Alphabet Inc. Cl A by 5,037 shares to 10,920 shares, valued at $10.57 million in 2017Q3, according to the filing. It also reduced its holding in Vasco Data Security (NASDAQ:VDSI) by 67,500 shares in the quarter, leaving it with 11,100 shares, and cut its stake in General Electric Company (NYSE:GE).

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. Nvidia Corporation had 185 analyst reports since August 3, 2015 according to SRatingsIntel. Nomura upgraded the stock to “Buy” rating in Monday, June 13 report. The stock has “Buy” rating by Topeka Capital Markets on Friday, May 13. The firm earned “Hold” rating on Tuesday, May 30 by J.P. Morgan. As per Tuesday, November 3, the company rating was downgraded by Needham. The firm earned “Buy” rating on Friday, November 11 by Mizuho. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by Vetr on Tuesday, August 18. The firm has “Underweight” rating given on Wednesday, August 10 by Barclays Capital. Barclays Capital downgraded NVIDIA Corporation (NASDAQ:NVDA) on Thursday, January 14 to “Underweight” rating. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by Citigroup on Friday, August 11. M Partners maintained the shares of NVDA in report on Thursday, September 15 with “Buy” rating.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.09, from 1.21 in 2017Q2. It increased, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. First Republic Inc has 0.07% invested in NVIDIA Corporation (NASDAQ:NVDA) for 56,845 shares. Credit Suisse Ag stated it has 0.22% in NVIDIA Corporation (NASDAQ:NVDA). Rosenblum Silverman Sutton S F Ca owns 67,245 shares. Anderson Hoagland & reported 18,450 shares or 2.03% of all its holdings. 157,814 are owned by Calamos Advsr. Gofen & Glossberg Lc Il has 14,038 shares for 0.09% of their portfolio. Shikiar Asset holds 34,300 shares or 2.66% of its portfolio. First Foundation Advsrs stated it has 0.09% in NVIDIA Corporation (NASDAQ:NVDA). The Missouri-based Plancorp Limited has invested 0.1% in NVIDIA Corporation (NASDAQ:NVDA). 343,400 are owned by Korea. Laurion Lp holds 77,433 shares. Exane Derivatives owns 0.03% invested in NVIDIA Corporation (NASDAQ:NVDA) for 916 shares. Edge Wealth Management Limited, a New York-based fund reported 194 shares. Balyasny Asset Mngmt Limited holds 3,751 shares. Parkside Bancorp & Tru invested in 315 shares.

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