Allianz Asset Management GmbH lifted its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,261,848 shares of the mining company’s stock after buying an additional 171,274 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.18% of Kinross Gold worth $9,785,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in KGC. Campbell & CO Investment Adviser LLC purchased a new stake in Kinross Gold in the third quarter valued at approximately $100,000. Van Hulzen Asset Management LLC purchased a new stake in Kinross Gold in the third quarter valued at approximately $108,000. Sigma Planning Corp purchased a new stake in Kinross Gold in the third quarter valued at approximately $121,000. Raymond James Financial Services Advisors Inc. raised its stake in 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 valued at $146,000 after purchasing an additional 2,116 shares in the last quarter. Finally, ING Groep NV purchased a new stake in Kinross Gold in the fourth quarter valued at approximately $178,000. 55.19% of the stock is currently owned by hedge funds and other institutional investors.
Kinross Gold Co. (NYSE KGC) opened at $3.59 on Tuesday. The company has a market cap of $4,450.00, a P/E ratio of 10.26 and a beta of 0.41. Kinross Gold Co. has a one year low of $3.15 and a one year high of $4.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.03 and a current ratio of 3.90.
A number of equities research analysts recently weighed in on KGC shares. Zacks Investment Research raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research note on Tuesday, February 13th. 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 target price on shares of Kinross Gold and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, Royal Bank of Canada decreased their price target on shares of Kinross Gold from $5.50 to $5.00 and set an “outperform” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Kinross Gold has a consensus rating of “Hold” and an average target price of $4.83.
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Kinross Gold 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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