Blue Trust Inc. Raises Position in Kinross Gold Co. (NYSE:KGC)

Blue Trust Inc. boosted its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,411 shares of the mining company’s stock after purchasing an additional 2,060 shares during the period. Blue Trust Inc.’s holdings in Kinross Gold were worth $219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Kinross Gold by 634.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company’s stock worth $36,971,000 after acquiring an additional 3,405,478 shares in the last quarter. Artemis Investment Management LLP raised its stake in shares of Kinross Gold by 28.0% during the 3rd quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company’s stock valued at $80,191,000 after purchasing an additional 1,871,939 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Kinross Gold during the 3rd quarter worth about $14,193,000. Toronto Dominion Bank lifted its holdings in Kinross Gold by 115.7% during the 3rd quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock worth $19,455,000 after purchasing an additional 1,114,801 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Kinross Gold by 326.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock worth $12,211,000 after purchasing an additional 998,763 shares during the period. 63.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $11.13.

Kinross Gold Stock Performance

NYSE:KGC opened at $11.45 on Tuesday. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $11.68. 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 stock has a market cap of $14.07 billion, a P/E ratio of 18.77, a PEG ratio of 0.61 and a beta of 1.23. The business’s 50-day moving average price is $10.01 and its two-hundred day moving average price is $9.64.

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

About Kinross Gold

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.