Kinross Gold Corporation (KGC) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP reduced its stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 18.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 988,757 shares of the mining company’s stock after selling 223,531 shares during the quarter. Bridgewater Associates LP owned about 0.08% of Kinross Gold Corporation worth $4,012,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KGC. Van ECK Associates Corp grew its position in shares of Kinross Gold Corporation by 15.9% during the 1st quarter. Van ECK Associates Corp now owns 101,123,425 shares of the mining company’s stock worth $354,943,000 after purchasing an additional 13,902,629 shares in the last quarter. Credit Agricole S A grew its position in shares of Kinross Gold Corporation by 59.0% during the 1st quarter. Credit Agricole S A now owns 5,213,338 shares of the mining company’s stock worth $18,298,000 after purchasing an additional 1,935,160 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Kinross Gold Corporation by 129.3% during the 1st quarter. SG Americas Securities LLC now owns 422,411 shares of the mining company’s stock worth $1,483,000 after purchasing an additional 1,861,801 shares in the last quarter. Jane Street Group LLC grew its position in shares of Kinross Gold Corporation by 1,376.6% during the 1st quarter. Jane Street Group LLC now owns 1,364,239 shares of the mining company’s stock worth $4,789,000 after purchasing an additional 1,271,849 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Kinross Gold Corporation by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 27,795,576 shares of the mining company’s stock worth $97,562,000 after purchasing an additional 1,218,910 shares in the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.

A number of research analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Kinross Gold Corporation from a “market perform” rating to a “buy” rating and increased their target price for the stock from $3.75 to $5.00 in a research report on Monday, May 29th. Royal Bank Of Canada set a $5.00 target price on shares of Kinross Gold Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $3.75 target price (down previously from $4.00) on shares of Kinross Gold Corporation in a research report on Friday, July 14th. ValuEngine upgraded shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Raymond James Financial, Inc. restated an “ourperform” rating and set a $6.00 target price on shares of Kinross Gold Corporation in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.17.

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Kinross Gold Corporation (NYSE KGC) traded up 0.21% during trading on Friday, hitting $4.81. 693,255 shares of the stock traded hands. The company has a 50-day moving average price of $4.37 and a 200-day moving average price of $3.98. Kinross Gold Corporation has a 12 month low of $2.88 and a 12 month high of $4.91. The stock has a market cap of $6.00 billion, a PE ratio of 114.52 and a beta of 0.18.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The company had revenue of $868.60 million during the quarter, compared to analysts’ expectations of $825.02 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The firm’s revenue was down .9% on a year-over-year basis. Equities research analysts expect that Kinross Gold Corporation will post $0.10 EPS for the current year.

Kinross Gold Corporation 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.

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

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