Tobam decreased its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,811,499 shares of the mining company’s stock after selling 610,791 shares during the period. Tobam owned approximately 0.39% of Kinross Gold Corporation worth $19,525,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of Kinross Gold Corporation by 15.9% in the first quarter. Van ECK Associates Corp now owns 101,123,425 shares of the mining company’s stock worth $354,943,000 after buying an additional 13,902,629 shares in the last quarter. Contrarius Investment Management Ltd increased its position in shares of Kinross Gold Corporation by 63.8% in the first quarter. Contrarius Investment Management Ltd now owns 15,588,099 shares of the mining company’s stock worth $54,714,000 after buying an additional 6,071,866 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in shares of Kinross Gold Corporation during the first quarter worth approximately $8,431,000. Credit Agricole S A increased its position in shares of Kinross Gold Corporation by 59.0% in the first quarter. Credit Agricole S A now owns 5,213,338 shares of the mining company’s stock worth $18,298,000 after buying an additional 1,935,160 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Kinross Gold Corporation by 129.3% in the first quarter. SG Americas Securities LLC now owns 422,411 shares of the mining company’s stock worth $1,483,000 after buying an additional 1,861,801 shares in the last quarter. Institutional investors own 59.56% of the company’s stock.

Kinross Gold Corporation (NYSE:KGC) opened at 4.25 on Monday. Kinross Gold Corporation has a one year low of $2.88 and a one year high of $4.66. The company has a market capitalization of $5.30 billion, a P/E ratio of 101.19 and a beta of 0.22. The stock’s 50 day moving average price is $4.14 and its 200-day moving average price is $3.91.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The firm had revenue of $868.60 million for the quarter, compared to analyst estimates of $825.02 million. During the same quarter last year, the company posted ($0.01) earnings per share. The business’s revenue was down .9% on a year-over-year basis. Equities analysts forecast that Kinross Gold Corporation will post $0.10 EPS for the current year.

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Several brokerages recently weighed in on KGC. TD Securities raised Kinross Gold Corporation from a “buy” rating to an “action list buy” rating and set a $5.50 price target on the stock in a research note on Wednesday, May 10th. Bank of America Corporation raised Kinross Gold Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. BMO Capital Markets raised Kinross Gold Corporation from a “market perform” rating to a “buy” rating and upped their price target for the stock from $3.75 to $5.00 in a research note on Monday, May 29th. Royal Bank Of Canada set a $5.00 price target on Kinross Gold Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, BidaskClub raised Kinross Gold Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.01.

About Kinross Gold Corporation

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.

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

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