Swiss National Bank Sells 614,000 Shares of Kinross Gold Co. (NYSE:KGC)

Swiss National Bank lessened its stake in shares of Kinross Gold Co. (NYSE:KGCFree Report) (TSE:K) by 13.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,112,218 shares of the mining company’s stock after selling 614,000 shares during the period. Swiss National Bank’s holdings in Kinross Gold were worth $18,899,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in Kinross Gold by 13.6% during the second quarter. US Bancorp DE now owns 16,514 shares of the mining company’s stock worth $79,000 after buying an additional 1,976 shares during the last quarter. Ballentine Partners LLC boosted its position in Kinross Gold by 14.0% during the second quarter. Ballentine Partners LLC now owns 17,417 shares of the mining company’s stock worth $83,000 after purchasing an additional 2,136 shares during the period. Advisor Partners II LLC boosted its position in Kinross Gold by 3.1% during the first quarter. Advisor Partners II LLC now owns 76,554 shares of the mining company’s stock worth $361,000 after purchasing an additional 2,305 shares during the period. First Trust Advisors LP boosted its position in Kinross Gold by 6.6% during the first quarter. First Trust Advisors LP now owns 38,262 shares of the mining company’s stock worth $180,000 after purchasing an additional 2,377 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Kinross Gold by 19.7% in the first quarter. Neuberger Berman Group LLC now owns 14,458 shares of the mining company’s stock valued at $85,000 after acquiring an additional 2,383 shares during the period. Hedge funds and other institutional investors own 49.80% of the company’s stock.

Analyst Upgrades and Downgrades

KGC has been the subject of a number of analyst reports. StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research report on Wednesday, January 3rd. Raymond James cut their price objective on shares of Kinross Gold from $6.00 to $5.50 and set a “market perform” rating for the company in a research report on Tuesday, November 28th. TD Securities raised their price objective on shares of Kinross Gold from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Finally, CIBC raised their price objective on shares of Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold presently has an average rating of “Hold” and a consensus target price of $6.00.

View Our Latest Stock Analysis on Kinross Gold

Kinross Gold Trading Down 3.0 %

Shares of Kinross Gold stock opened at $5.16 on Friday. Kinross Gold Co. has a 1 year low of $3.40 and a 1 year high of $6.34. The firm has a market cap of $6.34 billion, a PE ratio of 25.80, a PEG ratio of 0.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 1.06. The company has a 50 day simple moving average of $5.75 and a two-hundred day simple moving average of $5.30.

Kinross Gold (NYSE:KGCGet Free Report) (TSE:K) last posted its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $964.04 million. Kinross Gold had a net margin of 5.83% and a return on equity of 8.43%. Analysts expect that Kinross Gold Co. will post 0.41 earnings per share for the current fiscal year.

Kinross Gold Company Profile

(Free Report)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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