Kinross Gold Corporation (KGC) Stake Lessened by Clinton Group Inc.
Clinton Group Inc. lowered its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 64.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,152 shares of the mining company’s stock after selling 649,504 shares during the quarter. Clinton Group Inc.’s holdings in Kinross Gold Corporation were worth $1,450,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of KGC. Bayesian Capital Management LP purchased a new position in shares of Kinross Gold Corporation in the 2nd quarter valued at approximately $195,000. Hillsdale Investment Management Inc. acquired a new stake in Kinross Gold Corporation in the 2nd quarter worth approximately $5,152,000. Voya Investment Management LLC acquired a new stake in Kinross Gold Corporation in the 2nd quarter worth approximately $1,461,000. Vanguard Group Inc. boosted its stake in Kinross Gold Corporation by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 29,071,742 shares of the mining company’s stock worth $118,322,000 after purchasing an additional 1,276,166 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Kinross Gold Corporation by 12.4% in the 2nd quarter. Northern Trust Corp now owns 1,212,675 shares of the mining company’s stock worth $4,935,000 after purchasing an additional 133,406 shares in the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.
Several research firms have weighed in on KGC. TD Securities boosted their target price on shares of Kinross Gold Corporation from $5.50 to $6.00 and gave the stock an “action list buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $5.00 price target on shares of Kinross Gold Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $5.25 price target on shares of Kinross Gold Corporation in a report on Wednesday, September 20th. Jefferies Group LLC reiterated a “hold” rating and set a $3.75 price objective (down from $4.00) on shares of Kinross Gold Corporation in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of Kinross Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.17.
Kinross Gold Corporation (NYSE:KGC) traded up 1.17% during trading on Wednesday, hitting $4.33. The company’s stock had a trading volume of 599,404 shares. The company has a 50-day moving average of $4.43 and a 200 day moving average of $4.08. The firm has a market cap of $5.40 billion, a PE ratio of 103.10 and a beta of 0.12. Kinross Gold Corporation has a one year low of $2.88 and a one year 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 business had revenue of $868.60 million for the quarter, compared to analyst estimates of $825.02 million. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. On average, equities analysts forecast that Kinross Gold Corporation will post $0.11 earnings per share for the current year.
About Kinross Gold Corporation
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.
Receive News & Stock Ratings for Kinross Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold Corporation and related stocks with our FREE daily email newsletter.