Northern Trust Corp lifted its holdings in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,212,675 shares of the mining company’s stock after purchasing an additional 133,406 shares during the period. Northern Trust Corp owned 0.10% of Kinross Gold worth $4,935,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP boosted its position in shares of Kinross Gold by 63.1% during the 2nd quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock valued at $154,000 after purchasing an additional 14,674 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Kinross Gold by 22.0% during the 2nd quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock valued at $158,000 after purchasing an additional 7,000 shares in the last quarter. Creative Planning boosted its position in shares of Kinross Gold by 14.2% during the 2nd quarter. Creative Planning now owns 44,435 shares of the mining company’s stock valued at $181,000 after purchasing an additional 5,514 shares in the last quarter. Korea Investment CORP boosted its position in shares of Kinross Gold by 1.9% during the 2nd quarter. Korea Investment CORP now owns 78,457 shares of the mining company’s stock valued at $318,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Timber Hill LLC bought a new stake in shares of Kinross Gold during the 2nd quarter valued at about $322,000. Institutional investors own 55.81% of the company’s stock.
Kinross Gold Corporation (NYSE KGC) traded down $0.06 during mid-day trading on Monday, hitting $4.03. The stock had a trading volume of 6,873,228 shares, compared to its average volume of 11,063,302. Kinross Gold Corporation has a 52 week low of $2.88 and a 52 week high of $4.91. The company has a quick ratio of 2.18, a current ratio of 3.96 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $5,100.23, a price-to-earnings ratio of 45.44 and a beta of 0.11.
Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The company had revenue of $828.00 million for the quarter, compared to analyst estimates of $787.40 million. Kinross Gold had a return on equity of 2.58% and a net margin of 3.28%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. research analysts expect that Kinross Gold Corporation will post 0.14 EPS for the current year.
Several equities research analysts recently commented on KGC shares. BidaskClub lowered Kinross Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Jefferies Group set a $4.00 price target on Kinross Gold and gave the stock a “hold” rating in a report on Tuesday, August 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinross Gold in a report on Friday, August 18th. ValuEngine upgraded Kinross Gold from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Citigroup upgraded Kinross Gold from a “sell” rating to a “neutral” rating and increased their price target for the stock from $3.25 to $4.75 in a report on Friday, September 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.88.
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About Kinross Gold
Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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