Assetmark Inc. Has $48.62 Million Stock Position in Kinross Gold Corporation $KGC

Assetmark Inc. decreased its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,956,324 shares of the mining company’s stock after selling 85,823 shares during the quarter. Assetmark Inc. owned approximately 0.16% of Kinross Gold worth $48,615,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KGC. Massachusetts Financial Services Co. MA increased its holdings in Kinross Gold by 192.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,647,057 shares of the mining company’s stock worth $90,629,000 after purchasing an additional 2,398,621 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Kinross Gold by 203.0% in the second quarter. Osaic Holdings Inc. now owns 152,755 shares of the mining company’s stock valued at $2,388,000 after purchasing an additional 102,348 shares during the period. U S Global Investors Inc. lifted its holdings in shares of Kinross Gold by 60.5% in the third quarter. U S Global Investors Inc. now owns 417,334 shares of the mining company’s stock valued at $10,371,000 after purchasing an additional 157,334 shares in the last quarter. Dynasty Wealth Management LLC raised its stake in Kinross Gold by 185.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 226,215 shares of the mining company’s stock valued at $5,621,000 after purchasing an additional 146,955 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Kinross Gold in the 3rd quarter worth about $1,253,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Price Performance

KGC opened at $34.42 on Friday. Kinross Gold Corporation has a 12 month low of $10.32 and a 12 month high of $39.11. The company has a quick ratio of 1.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. The stock has a market cap of $41.30 billion, a P/E ratio of 24.07, a P/E/G ratio of 0.34 and a beta of 0.74. The company has a fifty day simple moving average of $31.54 and a 200 day simple moving average of $25.98.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KGC shares. Desjardins started coverage on Kinross Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reissued a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. UBS Group set a $43.00 price target on shares of Kinross Gold in a report on Friday, January 30th. Finally, Zacks Research lowered shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Kinross Gold has an average rating of “Moderate Buy” and a consensus target price of $34.81.

About Kinross Gold

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.