Kinross Gold Co. (NYSE:KGC) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 53.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 52,151 shares of the mining company’s stock after purchasing an additional 18,105 shares during the quarter. Quadrant Capital Group LLC’s holdings in Kinross Gold were worth $201,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KGC. Commonwealth Equity Services LLC boosted its holdings in Kinross Gold by 25.2% during the second quarter. Commonwealth Equity Services LLC now owns 2,389,722 shares of the mining company’s stock valued at $9,272,000 after purchasing an additional 481,674 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its holdings in Kinross Gold by 36.4% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,081,049 shares of the mining company’s stock valued at $4,194,000 after purchasing an additional 288,588 shares in the last quarter. Exane Derivatives boosted its holdings in Kinross Gold by 267.4% during the second quarter. Exane Derivatives now owns 164,896 shares of the mining company’s stock valued at $640,000 after purchasing an additional 120,013 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Kinross Gold by 12.9% during the second quarter. Crossmark Global Holdings Inc. now owns 109,878 shares of the mining company’s stock valued at $426,000 after purchasing an additional 12,584 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Kinross Gold by 15.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,310,516 shares of the mining company’s stock valued at $11,388,000 after purchasing an additional 435,736 shares in the last quarter. Institutional investors own 58.92% of the company’s stock.

KGC has been the topic of a number of recent research reports. Zacks Investment Research raised Kinross Gold from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Tuesday, April 23rd. JPMorgan Chase & Co. downgraded Kinross Gold from a “neutral” rating to an “underweight” rating and set a $3.20 price objective on the stock. in a report on Thursday, May 30th. Canaccord Genuity reaffirmed a “buy” rating on shares of Kinross Gold in a report on Friday, July 19th. Raymond James reaffirmed an “outperform” rating and set a $5.00 price objective on shares of Kinross Gold in a report on Friday. Finally, ValuEngine raised Kinross Gold from a “hold” rating to a “buy” rating in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $3.82.

Shares of KGC traded up $0.02 on Tuesday, hitting $4.80. The company’s stock had a trading volume of 672,817 shares, compared to its average volume of 13,458,376. The firm has a market capitalization of $5.72 billion and a P/E ratio of 47.70. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.41. Kinross Gold Co. has a fifty-two week low of $2.38 and a fifty-two week high of $4.89. The business has a 50 day moving average price of $4.04.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, July 31st. The mining company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $837.80 million for the quarter, compared to the consensus estimate of $820.97 million. Kinross Gold had a return on equity of 2.78% and a net margin of 0.13%. Kinross Gold’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS. On average, research analysts predict that Kinross Gold Co. will post 0.21 earnings per share 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 in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

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

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