Shell Asset Management Co. Has $6.23 Million Position in Kinross Gold Co. (NYSE:KGC)

Shell Asset Management Co. lifted its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 82.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,567,439 shares of the mining company’s stock after acquiring an additional 708,517 shares during the period. Shell Asset Management Co. owned 0.12% of Kinross Gold worth $6,230,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Alberta Investment Management Corp lifted its position in shares of Kinross Gold by 7.5% during the 1st quarter. Alberta Investment Management Corp now owns 4,268,200 shares of the mining company’s stock valued at $16,943,000 after acquiring an additional 298,500 shares during the period. Fiera Capital Corp lifted its position in shares of Kinross Gold by 11.3% during the 1st quarter. Fiera Capital Corp now owns 319,447 shares of the mining company’s stock valued at $1,273,000 after acquiring an additional 32,530 shares during the period. Quilter Plc lifted its position in shares of Kinross Gold by 14.4% during the 1st quarter. Quilter Plc now owns 147,008 shares of the mining company’s stock valued at $591,000 after acquiring an additional 18,500 shares during the period. Swiss National Bank lifted its position in shares of Kinross Gold by 10.6% during the 1st quarter. Swiss National Bank now owns 10,629,135 shares of the mining company’s stock valued at $41,917,000 after acquiring an additional 1,021,400 shares during the period. Finally, Ruffer LLP lifted its position in shares of Kinross Gold by 1.7% during the 1st quarter. Ruffer LLP now owns 42,616,178 shares of the mining company’s stock valued at $169,931,000 after acquiring an additional 723,017 shares during the period. Institutional investors own 55.45% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Kinross Gold from a “sell” rating to a “hold” rating and set a $5.25 price target for the company in a research note on Tuesday, January 28th. TD Securities boosted their price target on shares of Kinross Gold from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. CIBC boosted their price target on shares of Kinross Gold from $8.60 to $9.00 and gave the company an “outperformer” rating in a research note on Tuesday, May 12th. TheStreet upgraded shares of Kinross Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, April 22nd. Finally, Raymond James restated an “outperform” rating and set a $8.00 price target on shares of Kinross Gold in a research note on Thursday, May 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $5.67.

Shares of NYSE KGC traded down $0.10 during trading on Friday, hitting $7.05. The stock had a trading volume of 13,823,801 shares, compared to its average volume of 18,335,896. Kinross Gold Co. has a 12 month low of $2.72 and a 12 month high of $7.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.58 and a quick ratio of 2.06. The company has a market capitalization of $8.99 billion, a PE ratio of 19.32 and a beta of 1.03. The firm has a fifty day moving average of $6.40 and a two-hundred day moving average of $5.08.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Tuesday, May 5th. The mining company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Kinross Gold had a net margin of 21.63% and a return on equity of 9.25%. The firm had revenue of $879.80 million during the quarter, compared to analyst estimates of $867.48 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts expect that Kinross Gold Co. will post 0.55 earnings per share for the current fiscal year.

Kinross Gold Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the 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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