Sprott Inc. lessened its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504,941 shares of the mining company’s stock after selling 6,497 shares during the quarter. Sprott Inc.’s holdings in Kinross Gold were worth $2,336,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in Kinross Gold by 25.2% in the second quarter. Commonwealth Equity Services LLC now owns 2,389,722 shares of the mining company’s stock worth $9,272,000 after purchasing an additional 481,674 shares during the period. Cetera Advisor Networks LLC acquired a new stake in Kinross Gold in the first quarter worth about $69,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Kinross Gold by 24.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,499,958 shares of the mining company’s stock worth $17,425,000 after purchasing an additional 873,800 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in Kinross Gold by 13,062.5% in the second quarter. Hillsdale Investment Management Inc. now owns 421,200 shares of the mining company’s stock worth $1,626,000 after purchasing an additional 418,000 shares during the period. Finally, Fiera Capital Corp lifted its holdings in Kinross Gold by 20.8% in the second quarter. Fiera Capital Corp now owns 399,139 shares of the mining company’s stock worth $1,543,000 after purchasing an additional 68,610 shares during the period. 54.86% of the stock is owned by hedge funds and other institutional investors.
Kinross Gold stock traded up $0.19 during midday trading on Monday, hitting $4.91. The company’s stock had a trading volume of 2,440,155 shares, compared to its average volume of 14,292,376. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average price is $4.81 and its 200-day moving average price is $3.81. Kinross Gold Co. has a 12 month low of $2.38 and a 12 month high of $5.32. The company has a market capitalization of $6.19 billion, a PE ratio of 48.75 and a beta of -0.06.
Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. Kinross Gold had a net margin of 0.13% and a return on equity of 2.78%. The firm had revenue of $837.80 million for the quarter, compared to analysts’ expectations of $820.97 million. During the same period in the previous year, the business earned $0.03 earnings per share. Kinross Gold’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Kinross Gold Co. will post 0.26 EPS for the current year.
KGC has been the subject of several research analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $5.00 price objective on shares of Kinross Gold in a report on Friday, August 2nd. ValuEngine downgraded shares of Kinross Gold from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Deutsche Bank set a $4.00 price objective on shares of Kinross Gold and gave the stock a “hold” rating in a report on Thursday, July 11th. Canaccord Genuity reaffirmed a “buy” rating on shares of Kinross Gold in a report on Friday, July 19th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $4.25 price objective on shares of Kinross Gold in a report on Sunday, August 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.02.
Kinross Gold Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.
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