State of Tennessee Treasury Department held its stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058,896 shares of the mining company’s stock at the close of the second quarter. State of Tennessee Treasury Department owned 0.08% of Kinross Gold Corporation worth $4,297,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Korea Investment CORP boosted its holdings in Kinross Gold Corporation by 1.9% in the second quarter. Korea Investment CORP now owns 78,457 shares of the mining company’s stock valued at $318,000 after purchasing an additional 1,448 shares during the last quarter. World Asset Management Inc boosted 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 purchasing an additional 1,932 shares during the last quarter. Creative Planning boosted 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 purchasing an additional 5,514 shares during the last quarter. IFP Advisors Inc boosted 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 purchasing an additional 7,000 shares during the last quarter. Finally, Rockshelter Capital Management LLC boosted its holdings in Kinross Gold Corporation by 0.9% in the first quarter. Rockshelter Capital Management LLC now owns 971,650 shares of the mining company’s stock valued at $3,410,000 after purchasing an additional 8,310 shares during the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Kinross Gold Corporation (NYSE KGC) opened at 4.72 on Wednesday. Kinross Gold Corporation has a 12 month low of $2.88 and a 12 month high of $4.91. The firm has a market capitalization of $5.89 billion, a PE ratio of 112.38 and a beta of 0.18. The stock’s 50 day moving average price is $4.32 and its 200-day moving average price is $3.96.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The business had revenue of $868.60 million for the quarter, compared to the consensus estimate of $825.02 million. During the same period last year, the business earned ($0.01) earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts anticipate that Kinross Gold Corporation will post $0.10 earnings per share for the current fiscal year.
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A number of brokerages recently commented on KGC. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinross Gold Corporation in a report on Thursday, September 7th. Citigroup Inc. raised Kinross Gold Corporation from a “sell” rating to a “neutral” rating and increased their price target for the company from $3.25 to $4.75 in a report on Friday, September 1st. ValuEngine raised Kinross Gold Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised Kinross Gold Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC set a $4.00 price target on Kinross Gold Corporation and gave the company a “hold” rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.17.
Kinross Gold Corporation Company 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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