Aviva PLC purchased a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 520,246 shares of the mining company’s stock, valued at approximately $1,679,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KGC. PNC Financial Services Group Inc. increased its holdings in Kinross Gold by 65.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,679 shares of the mining company’s stock valued at $45,000 after acquiring an additional 5,390 shares during the last quarter. Advisor Partners LLC grew its stake in shares of Kinross Gold by 35.4% in the 4th quarter. Advisor Partners LLC now owns 18,987 shares of the mining company’s stock worth $62,000 after buying an additional 4,965 shares in the last quarter. Greenleaf Trust purchased a new position in shares of Kinross Gold in the 4th quarter worth $77,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Kinross Gold in the 4th quarter worth $84,000. Finally, FIL Ltd purchased a new position in shares of Kinross Gold in the 3rd quarter worth $104,000. Institutional investors own 60.20% of the company’s stock.

KGC stock opened at $3.36 on Friday. Kinross Gold Co. has a 12 month low of $2.38 and a 12 month high of $4.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.61 and a quick ratio of 0.89. The stock has a market cap of $4.19 billion, a P/E ratio of 33.60 and a beta of -0.10.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, February 13th. The mining company reported $0.01 EPS for the quarter. Kinross Gold had a negative net margin of 0.73% and a positive return on equity of 2.78%. The firm had revenue of $786.50 million during the quarter, compared to analysts’ expectations of $761.30 million. During the same period in the previous year, the company earned $0.01 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, research analysts expect that Kinross Gold Co. will post 0.13 earnings per share for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Kinross Gold from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Wednesday. Beacon Securities reissued a “buy” rating on shares of Kinross Gold in a research note on Monday, November 19th. Raymond James reissued an “outperform” rating and issued a $4.50 price objective on shares of Kinross Gold in a research note on Thursday, February 14th. ValuEngine raised shares of Kinross Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Credit Suisse Group reissued a “hold” rating and issued a $3.00 price objective on shares of Kinross Gold in a research note on Thursday, February 7th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.07.

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About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.

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

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