Kinross Gold Corporation $KGC Shares Acquired by Profund Advisors LLC

Profund Advisors LLC increased its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 45.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 149,922 shares of the mining company’s stock after purchasing an additional 46,666 shares during the quarter. Profund Advisors LLC’s holdings in Kinross Gold were worth $3,726,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Kinross Gold during the 2nd quarter worth $389,025,000. Man Group plc raised its position in Kinross Gold by 47.8% during the second quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock worth $261,646,000 after acquiring an additional 5,411,491 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Kinross Gold by 0.3% in the second quarter. First Eagle Investment Management LLC now owns 11,825,153 shares of the mining company’s stock valued at $184,827,000 after purchasing an additional 37,942 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Kinross Gold by 21.4% in the second quarter. Geode Capital Management LLC now owns 10,639,787 shares of the mining company’s stock valued at $172,571,000 after purchasing an additional 1,876,764 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in shares of Kinross Gold by 50.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,197,872 shares of the mining company’s stock worth $228,227,000 after purchasing an additional 3,089,959 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE KGC opened at $32.08 on Monday. The business’s 50-day moving average price is $30.89 and its 200 day moving average price is $25.48. The company has a current ratio of 2.83, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15. Kinross Gold Corporation has a twelve month low of $10.32 and a twelve month high of $39.11. The company has a market capitalization of $38.49 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.36 and a beta of 0.74.

Analyst Ratings Changes

A number of research firms recently issued reports on KGC. Scotiabank upped their target price on Kinross Gold from $32.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Zacks Research downgraded Kinross Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $33.00 price objective on shares of Kinross Gold in a research report on Sunday, December 7th. Wall Street Zen upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Finally, Desjardins began coverage on shares of Kinross Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Kinross Gold currently has an average rating of “Moderate Buy” and an average price target of $34.81.

Kinross Gold Company Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.