Amundi Pioneer Asset Management Inc. purchased a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,793,133 shares of the mining company’s stock, valued at approximately $20,706,000. Amundi Pioneer Asset Management Inc. owned about 0.38% of Kinross Gold at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kinross Gold in the third quarter worth approximately $100,000. Van Hulzen Asset Management LLC acquired a new stake in shares of Kinross Gold in the third quarter worth approximately $108,000. Sigma Planning Corp acquired a new stake in shares of Kinross Gold in the third quarter worth approximately $121,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Kinross Gold by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after acquiring an additional 2,116 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Kinross Gold in the fourth quarter worth approximately $178,000. 55.19% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on KGC shares. Desjardins reaffirmed a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. BMO Capital Markets set a $5.00 price target on Kinross Gold and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research raised Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada lowered their price target on Kinross Gold from $5.50 to $5.00 and set an “outperform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.83.
Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, February 14th. The mining company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The company had revenue of $810.30 million for the quarter, compared to analyst estimates of $852.68 million. Kinross Gold had a return on equity of 4.03% and a net margin of 13.48%. equities analysts forecast that Kinross Gold Co. will post 0.17 EPS for the current fiscal year.
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About Kinross Gold
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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