Raymond James Financial Services Advisors Inc. Boosts Holdings in Kinross Gold Corporation (KGC)

Raymond James Financial Services Advisors Inc. grew its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,764 shares of the mining company’s stock after acquiring an additional 2,116 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Kinross Gold Corporation were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of KGC. GSA Capital Partners LLP grew its stake in shares of Kinross Gold Corporation by 63.1% in the second quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock worth $154,000 after acquiring an additional 14,674 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Kinross Gold Corporation by 22.0% in the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock worth $158,000 after acquiring an additional 7,000 shares in the last quarter. Gotham Asset Management LLC grew its stake in shares of Kinross Gold Corporation by 53.2% in the second quarter. Gotham Asset Management LLC now owns 41,487 shares of the mining company’s stock worth $169,000 after acquiring an additional 14,398 shares in the last quarter. Creative Planning grew its stake in shares of Kinross Gold Corporation by 14.2% in the second quarter. Creative Planning now owns 44,435 shares of the mining company’s stock worth $181,000 after acquiring an additional 5,514 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Kinross Gold Corporation in the second quarter worth $195,000. Institutional investors and hedge funds own 55.53% of the company’s stock.

KGC has been the subject of a number of analyst reports. TD Securities boosted their target price on shares of Kinross Gold Corporation from $5.50 to $6.00 and gave the stock an “action list buy” rating in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Kinross Gold Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. National Bank Financial reiterated a “sector perform market weight” rating on shares of Kinross Gold Corporation in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinross Gold Corporation in a research note on Friday, August 18th. Finally, Berenberg Bank reiterated a “hold” rating and set a $4.60 target price on shares of Kinross Gold Corporation in a research note on Friday, August 4th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $4.88.

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Kinross Gold Corporation (NYSE KGC) opened at $4.29 on Wednesday. The company has a quick ratio of 2.18, a current ratio of 3.96 and a debt-to-equity ratio of 0.39. 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 $5,387.04, a price-to-earnings ratio of 48.00 and a beta of 0.09.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Kinross Gold Corporation had a net margin of 3.28% and a return on equity of 2.58%. The company had revenue of $828.00 million during the quarter, compared to the consensus estimate of $787.40 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Kinross Gold Corporation’s revenue for the quarter was down 9.0% on a year-over-year basis. equities research analysts forecast that Kinross Gold Corporation will post 0.13 EPS for the current fiscal year.

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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