Here’s Why Kinross Gold Corporation (USA) (KGC) is Trading in Green Today

Now, some big names were breaking ground themselves. Bocage Capital, managed by Kurt Billick, assembled the biggest position in Kinross Gold Corporation (USA) (NYSE:KGC). Bocage Capital had $13.1 million invested in the company at the end of the first quarter. Louis Bacon’s Moore Global Investments also made a $9 million investment in the stock during the quarter. The other funds with brand new KGC positions are Eric Sprott’s Sprott Asset Management, Paul Marshall and Ian Wace’s Marshall Wace LLP, and Philippe Jabre’s Jabre Capital Partners.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Kinross Gold Corporation (USA) (NYSE:KGC) but similarly valued. We will take a look at The Hain Celestial Group, Inc. (NASDAQ:HAIN), EPR Properties (NYSE:EPR), Research In Motion Ltd (NASDAQ:BBRY), and Howard Hughes Corp (NYSE:HHC). This group of stocks’ market values are closest to KGC’s market value.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $525 million. That figure was $418 million in KGC’s case. Howard Hughes Corp (NYSE:HHC) is the most popular stock in this table. On the other hand EPR Properties (NYSE:EPR) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks Kinross Gold Corporation (USA) (NYSE:KGC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None