DekaBank Deutsche Girozentrale Has $1.21 Million Position in Kinross Gold (KGC)

DekaBank Deutsche Girozentrale increased its position in Kinross Gold (NYSE:KGC) (TSE:K) by 2,652.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,994 shares of the mining company’s stock after buying an additional 301,622 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Kinross Gold were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ING Groep NV purchased a new position in Kinross Gold during the 4th quarter valued at $178,000. Picton Mahoney Asset Management purchased a new position in Kinross Gold during the 4th quarter valued at $340,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Kinross Gold by 45.6% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 78,900 shares of the mining company’s stock valued at $341,000 after purchasing an additional 24,700 shares during the period. Tower Research Capital LLC TRC increased its position in Kinross Gold by 32.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 133,974 shares of the mining company’s stock valued at $727,000 after purchasing an additional 33,161 shares during the period. Finally, Aperio Group LLC increased its position in Kinross Gold by 14.4% during the 4th quarter. Aperio Group LLC now owns 217,670 shares of the mining company’s stock valued at $940,000 after purchasing an additional 27,473 shares during the period. 54.74% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on KGC. ValuEngine downgraded shares of Kinross Gold from a “hold” rating to a “sell” rating in a research report on Thursday. Scotiabank reduced their price objective on shares of Kinross Gold from $5.00 to $4.75 and set a “sector perform” rating on the stock in a research report on Thursday, May 10th. Royal Bank of Canada reduced their price objective on shares of Kinross Gold from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday. BMO Capital Markets downgraded shares of Kinross Gold from an “outperform” rating to a “market perform” rating and set a $4.00 price objective on the stock. in a research report on Monday, April 9th. Finally, Deutsche Bank boosted their price objective on shares of Kinross Gold from $4.00 to $4.20 and gave the company a “hold” rating in a research report on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.74.

NYSE:KGC opened at $3.56 on Friday. The stock has a market capitalization of $4.55 billion, a PE ratio of 25.43 and a beta of 0.37. The company has a current ratio of 4.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.37. Kinross Gold has a 1-year low of $3.59 and a 1-year high of $3.66.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Tuesday, May 8th. The mining company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.05. The firm had revenue of $897.20 million for the quarter, compared to the consensus estimate of $823.77 million. Kinross Gold had a net margin of 12.25% and a return on equity of 6.20%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS. analysts forecast that Kinross Gold will post 0.22 EPS for the current fiscal year.

Kinross Gold Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.

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

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