Allianz Asset Management GmbH lifted its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,261,848 shares of the mining company’s stock after purchasing an additional 171,274 shares during the period. Allianz Asset Management GmbH’s holdings in Kinross Gold were worth $9,785,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in shares of Kinross Gold by 7.5% in the fourth quarter. Mackenzie Financial Corp now owns 5,311,792 shares of the mining company’s stock worth $22,947,000 after purchasing an additional 370,273 shares during the last quarter. Spark Investment Management LLC bought a new stake in Kinross Gold in the fourth quarter valued at $1,966,000. Tower Research Capital LLC TRC boosted its holdings in Kinross Gold by 32.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 133,974 shares of the mining company’s stock valued at $727,000 after acquiring an additional 33,161 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Kinross Gold by 11.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,443,595 shares of the mining company’s stock valued at $19,222,000 after acquiring an additional 464,578 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Kinross Gold by 5.7% in the fourth quarter. BlackRock Inc. now owns 3,421,604 shares of the mining company’s stock valued at $14,781,000 after acquiring an additional 185,323 shares in the last quarter. Hedge funds and other institutional investors own 55.19% of the company’s stock.
Kinross Gold Co. (NYSE:KGC) opened at $3.59 on Tuesday. The company has a current ratio of 3.90, a quick ratio of 2.03 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4,450.00, a price-to-earnings ratio of 10.26 and a beta of 0.41. Kinross Gold Co. has a 52-week low of $3.15 and a 52-week high of $4.91.
Several analysts recently weighed in on KGC shares. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th. BMO Capital Markets set a $5.00 price target on shares of Kinross Gold and gave the company a “buy” rating in a report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a report on Tuesday, February 13th. Finally, Royal Bank of Canada cut their price target on shares of Kinross Gold from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.83.
About Kinross Gold
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.
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