Eagle Bulk Shipping (EGLE) Surprising Upward Move; Kinross Gold (KGC) PT Boosted
Shares of Eagle Bulk Shipping Inc. (Nasdaq:EGLE) skyrocketed to reach the $0.927 mark on Monday’s trading session, finally closing at $0.911 with a total volume of 6,149,991 shares traded during the day, representing a large increase in activity versus its average volume (3m) of 443,029.
There appears to be no relevant recent information from Eagle Bulk to justify the stock’s rally. However, Goldentree Asset Management LP disclosed after the closing bell in a regulatory filing with the SEC ( SC 13D ) an 18.3% stake in the company
Eagle Bulk Shipping, a leading global owner of Supramax dry bulk vessels, has 38.29M Shares Outstanding, Market Capitalization (intraday) of $34.88M and EGLE stock 52-week range is between $0.30 and $11.58 per share.
Brokerage firm RBC Capital Markets upgraded Kinross Gold Corp. (NYSE:KGC)‘s stock from a Sector Perform to an Outperform rating and raised its price target from $3.50 to $4.75 per share
KGC stock climbed $0.31 (or +7.93%) to $4.22, following both the analyst upgrade and the increase in gold prices on Monday
Kinross Gold, a Canadian-based senior gold mining company, has 1.15B Shares Outstanding, Market Capitalization (intraday) of $4.84B. KGC stock touched a new 52-week high of $4.25 in intraday trading
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