AGF Investments Inc. boosted its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 38.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 389,032 shares of the mining company’s stock after buying an additional 108,314 shares during the period. AGF Investments Inc.’s holdings in Kinross Gold Corporation were worth $1,582,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of KGC. IFP Advisors Inc raised its holdings in Kinross Gold Corporation by 22.0% in the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock valued at $158,000 after buying an additional 7,000 shares during the period. Creative Planning raised its holdings in Kinross Gold Corporation by 14.2% in the second quarter. Creative Planning now owns 44,435 shares of the mining company’s stock valued at $181,000 after buying an additional 5,514 shares during the period. Virtu Financial LLC purchased a new position in Kinross Gold Corporation in the second quarter valued at approximately $202,000. Karp Capital Management Corp purchased a new position in Kinross Gold Corporation in the first quarter valued at approximately $235,000. Finally, World Asset Management Inc raised its holdings in Kinross Gold Corporation by 2.6% in the first quarter. World Asset Management Inc now owns 77,447 shares of the mining company’s stock valued at $272,000 after buying an additional 1,932 shares during the period. Hedge funds and other institutional investors own 59.56% of the company’s stock.
Several research analysts recently commented on KGC shares. Bank of America Corporation upgraded shares of Kinross Gold Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. BMO Capital Markets upgraded shares of Kinross Gold Corporation from a “market perform” rating to a “buy” rating and raised their price target for the company from $3.75 to $5.00 in a report on Monday, May 29th. Royal Bank Of Canada set a $5.00 price target on shares of Kinross Gold Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. TD Securities upgraded shares of Kinross Gold Corporation to a “buy” rating in a report on Thursday, June 29th. Finally, BidaskClub upgraded shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Kinross Gold Corporation has an average rating of “Hold” and a consensus target price of $5.17.
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Shares of Kinross Gold Corporation (NYSE:KGC) opened at 4.83 on Monday. The company has a 50 day moving average of $4.30 and a 200-day moving average of $3.95. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 115.00 and a beta of 0.18. Kinross Gold Corporation has a 52 week low of $2.88 and a 52 week high of $4.91.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $868.60 million during the quarter, compared to analysts’ expectations of $825.02 million. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. On average, equities research analysts expect that Kinross Gold Corporation will post $0.10 earnings per share for the current fiscal year.
Kinross Gold Corporation Profile
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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