AGF Management Ltd. Has $11.78 Million Holdings in Kinross Gold Corporation $KGC

AGF Management Ltd. trimmed its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 31.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 474,736 shares of the mining company’s stock after selling 215,797 shares during the period. AGF Management Ltd.’s holdings in Kinross Gold were worth $11,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of KGC. Massachusetts Financial Services Co. MA lifted its position in Kinross Gold by 192.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,647,057 shares of the mining company’s stock worth $90,629,000 after buying an additional 2,398,621 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Kinross Gold by 203.0% in the second quarter. Osaic Holdings Inc. now owns 152,755 shares of the mining company’s stock valued at $2,388,000 after acquiring an additional 102,348 shares during the last quarter. U S Global Investors Inc. raised its holdings in Kinross Gold by 60.5% during the third quarter. U S Global Investors Inc. now owns 417,334 shares of the mining company’s stock worth $10,371,000 after acquiring an additional 157,334 shares in the last quarter. Dynasty Wealth Management LLC boosted its position in Kinross Gold by 185.4% during the third quarter. Dynasty Wealth Management LLC now owns 226,215 shares of the mining company’s stock valued at $5,621,000 after purchasing an additional 146,955 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Kinross Gold in the third quarter valued at approximately $1,253,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

KGC has been the topic of a number of analyst reports. Scotiabank upped their price objective on Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $33.00 price target on shares of Kinross Gold in a research report on Sunday, December 7th. UBS Group set a $43.00 price objective on shares of Kinross Gold in a research report on Friday. Raymond James Financial upped their target price on shares of Kinross Gold from $20.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 10th. Finally, TD Securities raised their target price on shares of Kinross Gold from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Kinross Gold Stock Up 0.0%

Kinross Gold stock opened at $31.57 on Tuesday. The company’s 50-day moving average price is $30.48 and its two-hundred day moving average price is $25.02. The company has a quick ratio of 1.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. The stock has a market cap of $37.87 billion, a P/E ratio of 22.07, a P/E/G ratio of 0.36 and a beta of 0.74. Kinross Gold Corporation has a twelve month low of $10.32 and a twelve month high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Tuesday, November 4th. The mining company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Kinross Gold had a return on equity of 22.25% and a net margin of 27.30%.The business’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, analysts expect that Kinross Gold Corporation will post 0.81 EPS for the current year.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.