Ninety One UK Ltd Has $42.14 Million Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Ninety One UK Ltd trimmed its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 9.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,539,676 shares of the mining company’s stock after selling 481,859 shares during the quarter. Ninety One UK Ltd owned 0.37% of Kinross Gold worth $42,139,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KGC. S.A. Mason LLC increased its position in shares of Kinross Gold by 250.0% during the fourth quarter. S.A. Mason LLC now owns 21,000 shares of the mining company’s stock worth $195,000 after acquiring an additional 15,000 shares in the last quarter. Valley National Advisers Inc. acquired a new position in Kinross Gold in the 4th quarter worth $92,000. Caprock Group LLC increased its holdings in Kinross Gold by 14.1% during the 4th quarter. Caprock Group LLC now owns 110,522 shares of the mining company’s stock worth $1,025,000 after purchasing an additional 13,698 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Kinross Gold in the 4th quarter valued at about $2,506,000. Finally, Forsta AP Fonden lifted its holdings in shares of Kinross Gold by 3.9% in the fourth quarter. Forsta AP Fonden now owns 256,400 shares of the mining company’s stock valued at $2,380,000 after purchasing an additional 9,600 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kinross Gold currently has an average rating of “Buy” and an average price target of $11.13.

Kinross Gold Stock Up 0.2 %

KGC stock opened at $11.48 on Wednesday. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $11.68. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 0.61 and a beta of 1.23. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $10.04 and a two-hundred day moving average price of $9.65.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. Analysts anticipate that Kinross Gold Co. will post 0.72 EPS for the current fiscal year.

Kinross Gold Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.