A Change in Tides: New Coverage on Kinross Gold, KMG Chemicals, Koppers Holdings, Kraton and Kronos
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 26, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Kinross Gold (NYSE: KGC), KMG Chemicals (NYSE: KMG), Koppers Holdings (NYSE: KOP), Kraton (NYSE: KRA), and Kronos (NYSE: KRO). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
KGC Research Report: ( http://get.analystsreview.com/pdf/?c=Kinross%20Gold&d=26-Dec-2014&s=KGC ),
KMG Research Report: ( http://get.analystsreview.com/pdf/?c=KMG%20Chemicals&d=26-Dec-2014&s=KMG ),
KOP Research Report: ( http://get.analystsreview.com/pdf/?c=Koppers%20Holdings&d=26-Dec-2014&s=KOP ),
KRA Research Report: ( http://get.analystsreview.com/pdf/?c=Kraton&d=26-Dec-2014&s=KRA ),
KRO Research Report: ( http://get.analystsreview.com/pdf/?c=Kronos&d=26-Dec-2014&s=KRO ).
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Analyst Update: Completion of Sale, Dividends, Senior Level Promotions, and Quarterly Results
Reviewed by: Rohit Tuli, CFA®
The U.S. markets on Wednesday ended mostly higher as a steeper-than-expected drop in the weekly jobless claims kept the investors' mood positive. The number of people who applied for U.S. unemployment-insurance benefits declined by 9,000 to 280,000 in the week ended December 20, 2014, a seven-week low and only modestly above a 14-year low. During the session, the Dow Jones Industrial Average gained 0.03%, S&P 500 declined 0.01%, and the Nasdaq Composite advanced 0.17%. The European market ended the session on a mixed note as data of British workers' productivity highlighted a long-awaited improvement in the third quarter of this year, highlighting how Britain has managed to avoid the worst of the economic slump afflicting the euro zone. The Asian markets too ended mixed following a sharp run-up in recent days as strong U.S. data propelled Wall Street stocks to record highs. The investors are also keeping a close watch on the Japanese government's effort to support the still-fragile economic recovery in the near term.
Kinross Gold Corporation (Kinross Gold) completed the sale of its entire interest in Aurelian Resources Inc. and the Fruta del Norte project in Ecuador to Fortress Minerals Corp. (Fortress), a part of the Lundin Group of Companies, for $240 million.
KMG Chemicals, Inc.'s (KMG Chemicals) Board of Directors has declared a quarterly cash dividend of $0.03 per common share. The dividend, which was declared on December 19, 2014, is payable on January 16, 2015 to shareholders of record as on January 2, 2015. Additionally, the Company continues to anticipate adjusted EBITDA of $32-35 million for fiscal 2015.
Koppers Holdings Inc. (Koppers Holdings) promoted Leroy Ball to the role of President and CEO of the Company, effective January 1, 2015 as part of its long-term strategic planning process. Mr. Ball will succeed Mr. Turner, who was elected as the President and CEO of the Company in 1998.
Kraton Performance Polymers Inc. (Kraton) reported profits in the third quarter of 2014 compared to losses reported in the same quarter previous year. However, sales volume for the quarter declined 3.4% YoY to 80.7 kilotons, driven by lower sales volume of USBC product grades in the Paving & Roofing end use.
Kronos Worldwide, Inc. (Kronos) - a producer of titanium dioxide products, returned to profitability in third quarter 2014 from losses in the same period prior year. However, top line for the quarter witnessed a decline primarily due to lower average TiO2 selling prices, partially offset by higher sales volumes.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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