Hot News: Kinross Gold Corporation (NYSE:KGC), Apollo Global Management, LLC (NYSE:APO), Veracyte (NASDAQ:VCYT), Telecom Italia S.p.A. (NYSE:TI), GSI Group Inc. (NASDAQ:GSIG)

On Wednesday shares of Kinross Gold Corporation (NYSE:KGC) closed at $2.30. Company’s sales growth for last 5 years was 7.50%. Deutsche Bank reiterated their hold rating on shares of Kinross Gold (NYSE:KGC) in a research note released. They currently have a $2.70 target price on the stock, down from their previous target price of $3.50.

Apollo Global Management, LLC (NYSE:APO) has 1.00% insider ownership while its institutional ownership stands at 61.70%. In last trading activity company’s stock closed at $21.93. Apollo Global Management LLC (NYSE:APO) announced Tuesday plans to back LendKey Technologies Inc., through its lender MidCap Financial, with $US1 billion to buy student consolidation loans originated through LendKey.

On last trading day Veracyte, Inc. (NASDAQ:VCYT) advanced 0.23% to close at $8.90. Its volatility for the week is 4.38% while volatility for the month is 5.74%. Veracyte, Inc. (NASDAQ:VCYT) monthly performance is 16.34%. Veracyte, Inc. (NASDAQ: VCYT) and GE announced a research collaboration to develop new solutions that can improve disease diagnosis. Financial and other terms were not disclosed.

Telecom Italia S.p.A. (NYSE:TI) has institutional ownership stands at 1.10%. In last trading activity company’s stock closed at $12.17. Telecom Italia S.p.A. (NYSE:TI) has announced an offer to repurchase bonds with different expiry dates ranging from January 2017 to February 2022 up to a total of EUR 2 billion. The company said the ultimate aim of the bond buyback was to optimise the cost of its debt.

On Wednesday shares of GSI Group Inc. (NASDAQ:GSIG) closed at $14.07. Company’s sales growth for last 5 years was 7.50% and EPS growth for next 5 years is recorded as -10.00%. GSI Group Inc. (NASDAQ:GSIG) said Wednesday that it has sold its JK Lasers business to a German company for $31.5 million in cash. German-based Trumpf GmbH + Co. KG produces machine tools, lasers and electronics for industrial applications.

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