These 3 Gold Stocks Climbed Over 11% Today

Today’s gold rally resulted in climbs for Kinross Gold Corporation (NYSE:KGC), Yamana Gold Inc. (NYSE:AUY) and AuRico Gold Inc. (NYSE:AUQ). CHC Grop Ltd. (NYSE:HELI), Celladon Corp. (NASDAQ:CLDN) and Eclipse Resources Corp. (NYSE:ECR), on the other hand, performed poorly.

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Michael Mauboussin: Here’s what active managers can do

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More

A Good Day for Gold

Kinross Gold Corporation climbed +12.88% today, putting its five-day gain at +23.79%. Ray Dalio’s Bridgewater Associates has had a position in the firm since the fourth quarter of 2012 and as of the third quarter of 2014 holds 1.03 million KGC shares.


Yamana Gold gained +11.44% this Tuesday and is up +13.99% over the past month. This is yet another Dalio gold pick – as of Q3, the billionaire holds 1.21 million AUY shares.

AuRico Gold Inc. surged +11.36% today. The George Soros stock has rallied +13.62% in the past three months and +27.69% over the last week.

Eclipse Resources Plunges

CHC Group tumbled -19.1% this Tuesday, bringing its five-day loss to -31.07%. A commercial helicopter operator, CHC Group has declined -76.22% over the past year. Thomas Steyer’s Farallon Capital initiated a position in the firm in the first quarter of 2014, and as of its latest public filing, the fund holds 1.18 million HELI shares.

Celladon Corp. dipped -12.12% on the heels of news that its VP, Ryan Takeya, sold 7,777 shares on January 2nd. Despite today’s fall, the biotech company, another Farallon Capital holding, has gained +69.19% over the past three months.

The share price of Eclipse Resources fell -11.88% today following Deutsche Bank’s price target cut on the stock from $11.00 to $10.00. Billionaire Leon Cooperman picked up 300,000 ECR shares in Q3 2014, and Richard Chilton 31,000. Given the company’s six-month decline of nearly -75%, it’s likely that both billionaires have posted losses on the investment.

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