Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 28.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,954,925 shares of the mining company’s stock after acquiring an additional 428,297 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.16% of Kinross Gold worth $8,269,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sigma Planning Corp bought a new position in shares of Kinross Gold in the 3rd quarter worth $121,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Kinross Gold by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock valued at $146,000 after acquiring an additional 2,116 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Kinross Gold by 63.1% in the second quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock valued at $154,000 after acquiring an additional 14,674 shares during the last quarter. IFP Advisors Inc increased its position in Kinross Gold by 22.0% during the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock worth $158,000 after buying an additional 7,000 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in shares of Kinross Gold by 53.2% in the second quarter. Gotham Asset Management LLC now owns 41,487 shares of the mining company’s stock valued at $169,000 after purchasing an additional 14,398 shares during the last quarter. Hedge funds and other institutional investors own 55.81% of the company’s stock.
KGC has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “buy” rating and set a $5.25 price objective on shares of Kinross Gold in a research report on Wednesday, September 20th. Royal Bank Of Canada restated a “buy” rating and set a $5.00 price objective on shares of Kinross Gold in a research report on Thursday, August 24th. TD Securities set a $6.00 target price on shares of Kinross Gold and gave the company a “buy” rating in a report on Thursday, October 19th. Jefferies Group set a $4.00 price objective on shares of Kinross Gold and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of Kinross Gold from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $4.88.
Kinross Gold Corporation (NYSE:KGC) opened at $4.03 on Tuesday. The company has a market cap of $5,100.23, a PE ratio of 45.44 and a beta of 0.11. Kinross Gold Corporation has a 1 year low of $2.88 and a 1 year high of $4.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.96 and a quick ratio of 2.18.
Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The firm had revenue of $828.00 million for the quarter, compared to analyst estimates of $787.40 million. Kinross Gold had a net margin of 3.28% and a return on equity of 2.58%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. equities research analysts forecast that Kinross Gold Corporation will post 0.14 EPS for the current fiscal year.
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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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