Aviva PLC bought a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 520,246 shares of the mining company’s stock, valued at approximately $1,679,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in shares of Kinross Gold by 65.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,679 shares of the mining company’s stock valued at $45,000 after buying an additional 5,390 shares during the last quarter. Advisor Partners LLC grew its holdings in shares of Kinross Gold by 35.4% during the fourth quarter. Advisor Partners LLC now owns 18,987 shares of the mining company’s stock valued at $62,000 after buying an additional 4,965 shares during the last quarter. Greenleaf Trust purchased a new stake in shares of Kinross Gold during the fourth quarter valued at approximately $77,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Kinross Gold during the fourth quarter valued at approximately $84,000. Finally, FIL Ltd purchased a new stake in shares of Kinross Gold during the third quarter valued at approximately $104,000. 60.20% of the stock is owned by institutional investors and hedge funds.
Shares of KGC stock opened at $3.36 on Friday. Kinross Gold Co. has a 12-month low of $2.38 and a 12-month high of $4.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 2.61. The company has a market capitalization of $4.19 billion, a P/E ratio of 33.60 and a beta of -0.10.
Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, February 13th. The mining company reported $0.01 earnings per share (EPS) for the quarter. Kinross Gold had a negative net margin of 0.73% and a positive return on equity of 2.78%. The company had revenue of $786.50 million for the quarter, compared to analysts’ expectations of $761.30 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that Kinross Gold Co. will post 0.13 EPS for the current year.
A number of equities research analysts have recently commented on KGC shares. Zacks Investment Research cut shares of Kinross Gold from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of Kinross Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Beacon Securities reiterated a “buy” rating on shares of Kinross Gold in a report on Monday, November 19th. Credit Suisse Group restated a “hold” rating and issued a $3.00 target price on shares of Kinross Gold in a report on Thursday, February 7th. Finally, Raymond James restated an “outperform” rating and issued a $4.50 target price on shares of Kinross Gold in a report on Thursday, February 14th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.07.
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Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.
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