Weekly Guru Bargains Highlights: BHI, APAGF, KGC, EGO, IAG

Author's Avatar
Apr 09, 2012
According to GuruFocus updates, these stocks have declined the most since Gurus have bought.


Baker-Hughes (BHI, Financial): Down 22% Since John Buckingham Bought in the Quarter Ended on 2011-12-31


John Buckingham initiated holdings in Oil Equipment & Services company Baker-Hughes during the quarter ended 12/31/2011. His purchase prices were between $44.47 and $60.89, with an estimated average price of $52.61. Since then the prices of Baker-Hughes shares have declined by -22% from the estimated average. John Buckingham owned 20,463 shares of as of 12/31/2011.


Baker Hughes Inc. is engaged in the oilfield and process industries. Baker-Hughes has a market cap of $17.94 billion; its shares were traded at around $41 with a P/E ratio of 9.76 and P/S ratio of 0.9. The dividend yield of Baker-Hughes stocks is 1.46%. Baker-Hughes had an annual average earnings growth of 11.1% over the past 10 years.


BHI recently announced adjusted net income (a non-GAAP measure) for the fourth quarter 2011 of $534 million, or $1.22 per diluted share. This excludes an after-tax charge of $220 million ($0.50 per diluted share) related to the impairment of certain trade names. This compares to $0.77 per diluted share for the fourth quarter 2010, and to adjusted net income of $1.18 per diluted share for the third quarter 2011.


Robert Rodriguez owns 428,772 shares as of 12/31/2011, which accounts for 2.5% of the $796 million portfolio of FPA Capital. NWQ Managers owns 103,000 shares as of 12/31/2011, which accounts for 0.034% of the $15.4 billion portfolio of NWQ Investment Management Co. Jean-Marie Eveillard owns 250 shares as of 12/31/2011, which accounts for less than 0.01% of the $22.79 billion portfolio of First Eagle Investment Management LLC. Dodge & Cox owns 18,501,764 shares as of 12/31/2011, which accounts for 1.3% of the $70.98 billion portfolio of Dodge & Cox.


Vice President Didier Charreton sold 2,233 shares of BHI stock on 02/17/2012 at the average price of $49.84. Didier Charreton owns at least 28,365 shares after this. The price of the stock has decreased by 17.74% since.


Apco Oil & Gs International (APAGF, Financial): Down 29% Since Jim Simons Bought in the Quarter Ended on 2011-12-31


Jim Simons added to his holdings in Oil Equipment & Services company Apco Oil&gs Int by 30.17% during the quarter ended 12/31/2011. His purchase prices were between $71.92 and $86.73, with an estimated average price of $80.76. Since then the prices of Apco Oil & Gs International shares have declined by -29% from the estimated average. Jim Simons owned 15,100 shares of as of 12/31/2011.


Apco Oil & Gas International Inc., formerly Apco Argentina Inc. Apco Oil & Gs International has a market cap of $1.69 billion; its shares were traded at around $57.41 with a P/E ratio of 50.36 and P/S ratio of 16.13. The dividend yield of Apco Oil & Gs International stocks is 0.14%. Apco Oil & Gs International had an annual average earnings growth of 9.5% over the past 10 years. GuruFocus rated Apco Oil & Gs International the business predictability rank of 2.5-star.


APAGF recently announced net income attributable to Apco of $31.7 million in 2011, or $1.08 per share, compared with net income of $25.8 million, or $0.88 cents per share in 2010.


Kinross Gold (KGC, Financial): Down 32% Since Jean-Marie Eveillard Bought in the Quarter Ended on 2011-12-31


Jean-Marie Eveillard added to his holdings in Gold Mining company Kinross Gold by 21.75% during the quarter ended 12/31/2011. His purchase prices were between $11.14 and $14.89, with an estimated average price of $13.42. Since then the prices of Kinross Gold shares have declined by -32% from the estimated average. Jean-Marie Eveillard owned 10,794,939 shares of as of 12/31/2011.


Kinross Gold Corporation is a gold mining company. The company's mines are located in the regions of South America, North America, West Africa and Russia. Kinross Gold has a market cap of $10.46 billion; its shares were traded at around $9.19 with a P/E ratio of 11.94 and P/S ratio of 2.65. The dividend yield of Kinross Gold stocks is 1.74%. Kinross Gold had an annual average earnings growth of 12.3% over the past 10 years.


KGC recently reported revenues of $949.3 million, a 3% increase over fourth-quarter 2010. Full-year revenue was a record $3,943.3 million, a 31% increase over full-year 2010.


Jean-Marie Eveillard owns 10,794,939 shares as of 12/31/2011, an increase of 21.75% from the previous quarter. This position accounts for 0.54% of the $22.79 billion portfolio of First Eagle Investment Management LLC. Mario Gabelli owns 31,120 shares as of 12/31/2011, a decrease of 51.15% of from the previous quarter. This position accounts for 0.0028% of the $12.57 billion portfolio of GAMCO Investors.


Eldorado Gold (EGO, Financial): Down 24% Since Jim Simons Bought in the Quarter Ended on 2011-12-31


Jim Simons added to his holdings in Gold Mining company Eldorado Gold by 844.36% during the quarter ended 12/31/2011. His purchase prices were between $12.94 and $19.66, with an estimated average price of $16.93. Since then the prices of Eldorado Gold shares have declined by -24% from the estimated average. Jim Simons owned 1,164,400 shares of as of 12/31/2011.


Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey. Eldorado Gold has a market cap of $9.11 billion; its shares were traded at around $12.84 with a P/E ratio of 21.76 and P/S ratio of 8.29. The dividend yield of Eldorado Gold stocks is 1.4%. Eldorado Gold had an annual average earnings growth of 91.4% over the past five years.


Mario Gabelli bought 13,870 shares in the quarter that ended on 12/31/2011, which is 0.0015% of the $12.57 billion portfolio of GAMCO Investors. Jean-Marie Eveillard owns 667,000 shares as of 12/31/2011, which accounts for 0.04% of the $22.79 billion portfolio of First Eagle Investment Management LLC.


Iamgold Corp (IAG, Financial): Down 37% Since Bruce Kovner Bought in the Quarter Ended on 2011-12-31


Bruce Kovner initiated holdings in Gold Mining company Iamgold Corp during the quarter ended 12/31/2011. His purchase prices were between $15.2 and $23.09, with an estimated average price of $19.3. Since then the prices of Iamgold Corp shares have declined by -37% from the estimated average. Bruce Kovner owned 56,117 shares of as of 12/31/2011.


Iamgold Corp is an international gold exploration and mining company based in Canada. Iamgold Corp has a market cap of $4.55 billion; its shares were traded at around $12.1 with a P/E ratio of 10.61 and P/S ratio of 2.72. The dividend yield of Iamgold Corp stocks is 2.07%. Iamgold Corp had an annual average earnings growth of 19% over the past 10 years.


IAG recently reported that the company generated a record $1.7 billion in revenues from continuing operations supported by an average realized gold price of $1,555 per ounce.


Record net earnings attributable to equity shareholders were $806.7 million ($2.15 per share) compared to $262.6 million ($0.71 per share) in 2010.


John Paulson owns 2,769,900 shares as of 12/31/2011, which accounts for 0.32% of the $13.88 billion portfolio of Paulson & Co.. David Dreman owns 162,325 shares as of 12/31/2011, which accounts for 0.058% of the $4.42 billion portfolio of Dreman Value Management. Jean-Marie Eveillard owns 8,463,892 shares as of 12/31/2011, which accounts for 0.59% of the $22.79 billion portfolio of First Eagle Investment Management LLC. George Soros sold out his holdings in the quarter that ended on 12/31/2011.