TCI Wealth Advisors Inc. Sells 20,000 Shares of Kinross Gold Corporation (KGC)

TCI Wealth Advisors Inc. trimmed its holdings in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 33.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the mining company’s stock after selling 20,000 shares during the period. TCI Wealth Advisors Inc.’s holdings in Kinross Gold Corporation were worth $163,000 at the end of the most recent quarter.

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

Shares of Kinross Gold Corporation (NYSE:KGC) traded down 0.521% during midday trading on Friday, hitting $4.775. 1,643,264 shares of the stock traded hands. The firm 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 52 week low of $2.88 and a 52 week high of $4.91. The stock has a market capitalization of $5.95 billion, a P/E ratio of 113.690 and a beta of 0.18.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $868.60 million during the quarter, compared to analyst estimates of $825.02 million. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. Kinross Gold Corporation’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. On average, equities analysts predict that Kinross Gold Corporation will post $0.10 earnings per share for the current fiscal year.

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Several equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinross Gold Corporation in a research note on Thursday, September 7th. ValuEngine raised shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup Inc. raised shares of Kinross Gold Corporation from a “sell” rating to a “neutral” rating and upped their target price for the company from $3.25 to $4.75 in a research note on Friday, September 1st. BidaskClub raised shares of Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Scotiabank upped their target price on shares of Kinross Gold Corporation from $4.50 to $4.75 and gave the company a “sector perform” rating in a research note on Friday, August 4th. One 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.17.

Kinross Gold Corporation 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.

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

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