Allied Nevada Gold Corp. (NYSEMKT:ANV), Goldcorp Inc. (NYSE:GG) and Kinross Gold Corp. (NYSE:KGC) made notable gains this Thursday. Posting losses are Kite Pharma Inc. (NASDAQ:KITE), Uniqure NV (NASDAQ:QURE) and Seventy Seven Energy Inc. (NYSE:SSE).
Gold Stocks Surge
Allied Nevada Gold Corp., Goldcorp Inc. and Kinross Gold Corp. rallied today as gold rose to a four-month high.
[drizzle]Allied Nevada climbed +11.01%, to the benefit of billionaires shareholders John Paulson and George Soros. Goldcorp, another Soros pick, climbed +10.68%. It is also among the holdings of Ray Dalio’s Bridgewater Associates, which as of its most recent regulatory filing holds 734,000 GG shares. Kinross Gold gained +9.37% and is also a Bridgewater pick.
Kite Pharma Dips Back Down
The share price of Kite Pharma dipped -17.26%, though the stock is still up nearly +20% over the past week. At the start of the year, the firm reached an agreement with Amgen Inc. to collaborate on cancer immunotherapy treatments. Billionaire investor George Soros picked up a stake in Kite Pharma during the third quarter of 2014.
Chesapeake Energy spinoff Seventy Seven Energy reached market close down -12.45% for the day. In his most recent 13F filing, Carl Icahn disclosed a position in the energy company (the result of his Chesapeake stake).