Intercontinental Exchange, Inc. (ICE) Forms $75.01 Double Top; U S Global Investors Boosted Its Kinross Gold (KGC) Holding

June 14, 2018 - By Martha Paddon

Kinross Gold Corporation (NYSE:KGC) Logo

U S Global Investors Inc increased Kinross Gold Corp (KGC) stake by 11500600% reported in 2018Q1 SEC filing. U S Global Investors Inc acquired 115,006 shares as Kinross Gold Corp (KGC)’s stock declined 0.28%. The U S Global Investors Inc holds 115,007 shares with $455,000 value, up from 1 last quarter. Kinross Gold Corp now has $4.73B valuation. The stock increased 1.08% or $0.04 during the last trading session, reaching $3.76. About 947,674 shares traded. Kinross Gold Corporation (NYSE:KGC) has declined 14.29% since June 14, 2017 and is downtrending. It has underperformed by 26.86% the S&P500. Some Historical KGC News: ; 16/05/2018 – KINROSS COULD SEEK INT. ARBITRATION IF MAURITANIA CHANGES RULES; 08/05/2018 – Kinross Gold 1Q Rev $897.2M; 26/03/2018 – GERDAU GETS BRAZIL REGULATOR APPROVAL TO SELL PLANTS TO KINROSS; 12/04/2018 – Investor Expectations to Drive Momentum within Loxo Oncology, Kinross Gold, Marlin Business Services, lululemon athletica inc,; 16/05/2018 – KINROSS: WB JUST SIGNED OFF ON MAURITANIA FISCAL ARRANGEMENTS; 09/04/2018 – Kinross Russia operations remain unaffected by U.S. sanctions; 26/03/2018 – SEC ACCUSED KINROSS OF VIOLATING FOREIGN CORRUPT PRACTICES ACT OVER ITS REPEATED FAILURE TO IMPLEMENT ADEQUATE ACCOUNTING CONTROLS FOR TWO AFRICAN UNITS; 12/04/2018 – LKA Gold to Complete Kinross Drilling Program at Golden Wonder Mine; 08/05/2018 – KINROSS GOLD CORP K.TO – “ON TRACK TO MEET PRODUCTION AND COST GUIDANCE”; 16/05/2018 – KINROSS SAYS HUNDREDS OF CONTRACTORS GOING HOME IN MAURITANIA

Intercontinental Exchange, Inc. (ICE) formed double top with $78.76 target or 5.00% above today’s $75.01 share price. Intercontinental Exchange, Inc. (ICE) has $43.45B valuation. The stock increased 0.19% or $0.14 during the last trading session, reaching $75.01. About 252,844 shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 17.24% since June 14, 2017 and is uptrending. It has outperformed by 4.67% the S&P500. Some Historical ICE News: ; 29/05/2018 – ICE AGREES TO BUY TMC BONDS FOR $685M IN CASH; 03/05/2018 – Intercontinental Exchange 1Q Net $464M; 18/04/2018 – BOE OFFICIAL DOES NOT EXPECT REFORMED SONIA RATE TO FACE SAME PROBLEMS AS U.S. LIBOR REPLACEMENT; 22/05/2018 – Intercontinental Exchange Current NYSE Group Pres Thomas Farley Leaving to be CEO of a Special Purpose Acquisition Co; 18/04/2018 – BANK OF ENGLAND OFFICIAL SAYS MARKETS SHOULD BEGIN SWITCH FROM LIBOR TO REFORMED SONIA INTEREST RATE BENCHMARK; 18/04/2018 – Intercontinental Exchange Announces June 1 Launch of ICE Three Month SONIA Futures; 16/05/2018 – ICE Futures Europe Emissions Auction Result; 05/04/2018 – ICE DOESN’T SEE FINL EFFECT MATERIAL; 30/03/2018 – NYSE IN TALKS TO BUY CHICAGO STOCK EXCHANGE- WSJ, CITING; 19/03/2018 – NASDAQ PSX REVOKES SELF-HELP AGAINST NYSE AMERICAN

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.41, from 1.28 in 2017Q4. It worsened, as 45 investors sold Intercontinental Exchange, Inc. shares while 258 reduced holdings. 73 funds opened positions while 191 raised stakes. 486.05 million shares or 2.19% less from 496.95 million shares in 2017Q4 were reported. Liberty Mutual Grp Asset Management owns 0.05% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 23,455 shares. Royal National Bank Of Canada has 0.01% invested in Intercontinental Exchange, Inc. (NYSE:ICE). Pennsylvania Commerce, Pennsylvania-based fund reported 82,205 shares. Tower Research Limited Liability Corporation (Trc) holds 0% or 33 shares. Ontario Teachers Pension Plan Board has 84,978 shares. First Natl Trust holds 0.03% or 4,005 shares. Fcg Advisors Ltd Liability owns 6,126 shares or 0.15% of their US portfolio. Sumitomo Life Insurance Company owns 17,425 shares. Ubs Asset Mngmt Americas invested 0% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE). Foothills Asset Limited holds 1.97% or 34,740 shares. American Int Grp Inc accumulated 0.06% or 227,434 shares. D E Shaw invested in 0.45% or 4.56 million shares. Meiji Yasuda Asset Management Ltd accumulated 0.11% or 15,465 shares. Of Vermont owns 21,667 shares for 0.15% of their portfolio. Oakwood Capital Mngmt Ltd Ca, California-based fund reported 83,215 shares.

Analysts await Intercontinental Exchange, Inc. (NYSE:ICE) to report earnings on August, 2. They expect $0.87 earnings per share, up 16.00% or $0.12 from last year’s $0.75 per share. ICE’s profit will be $503.93 million for 21.55 P/E if the $0.87 EPS becomes a reality. After $0.90 actual earnings per share reported by Intercontinental Exchange, Inc. for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.

Among 20 analysts covering Intercontinental Exchange (NYSE:ICE), 17 have Buy rating, 0 Sell and 3 Hold. Therefore 85% are positive. Intercontinental Exchange has $314 highest and $60 lowest target. $144.92’s average target is 93.20% above currents $75.01 stock price. Intercontinental Exchange had 69 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, October 10 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Buy” on Monday, September 18. As per Friday, June 16, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Buy” rating by Jefferies given on Monday, July 17. Bank of America maintained Intercontinental Exchange, Inc. (NYSE:ICE) rating on Thursday, February 8. Bank of America has “Buy” rating and $82 target. RBC Capital Markets maintained Intercontinental Exchange, Inc. (NYSE:ICE) rating on Tuesday, June 6. RBC Capital Markets has “Hold” rating and $6500 target. The firm has “Hold” rating by RBC Capital Markets given on Monday, July 10. The firm earned “Buy” rating on Friday, October 6 by Keefe Bruyette & Woods. The firm has “Buy” rating by UBS given on Thursday, August 4. The company was maintained on Sunday, August 9 by Standpoint Research.

More news for Kinross Gold Corporation (NYSE:KGC) were recently published by: Fool.ca, which released: “Should You Buy-Low on Gold and Silver Equities Today?” on June 13, 2018. Fool.com‘s article titled: “3 of the Cheapest Gold Stocks to Consider Buying Right Now” and published on June 12, 2018 is yet another important article.

U S Global Investors Inc decreased General Dynamics Corp (NYSE:GD) stake by 1,501 shares to 13,928 valued at $3.08 million in 2018Q1. It also reduced Klondex Mns Ltd (Call) stake by 11.27M shares and now owns 719 shares. Gol Linhas Aereas Intlg S A was reduced too.

Intercontinental Exchange, Inc. (NYSE:ICE) Institutional Positions Chart