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

Ninety One UK Ltd trimmed its stake in shares of Kinross Gold Co. (NYSE:KGCFree Report) (TSE:K) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,539,676 shares of the mining company’s stock after selling 481,859 shares during the quarter. Ninety One UK Ltd’s holdings in Kinross Gold were worth $42,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KGC. Private Advisor Group LLC boosted its holdings in shares of Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after buying an additional 981 shares during the period. Atomi Financial Group Inc. boosted its holdings in shares of Kinross Gold by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after acquiring an additional 1,106 shares during the period. First Trust Direct Indexing L.P. grew its position in shares of Kinross Gold by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock valued at $447,000 after purchasing an additional 1,235 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Kinross Gold by 9.6% during the fourth quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock worth $219,000 after purchasing an additional 2,060 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Kinross Gold by 18.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock worth $119,000 after purchasing an additional 2,180 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $11.13.

Read Our Latest Stock Report on KGC

Kinross Gold Stock Performance

NYSE:KGC opened at $11.48 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $11.68. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.61 and a beta of 1.23. The stock has a fifty day moving average price of $10.04 and a 200-day moving average price of $9.65.

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

Kinross Gold Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding KGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinross Gold Co. (NYSE:KGCFree Report) (TSE:K).

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

Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.