MUFG Securities EMEA plc Has $15.71 Million Stake in Kinross Gold Co. (NYSE:KGC)

MUFG Securities EMEA plc cut its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,050,000 shares of the mining company’s stock after selling 259,000 shares during the quarter. MUFG Securities EMEA plc owned 0.32% of Kinross Gold worth $15,714,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KGC. Commonwealth Equity Services LLC lifted its holdings in shares of Kinross Gold by 25.2% in the second quarter. Commonwealth Equity Services LLC now owns 2,389,722 shares of the mining company’s stock worth $9,272,000 after acquiring an additional 481,674 shares during the last quarter. Cetera Advisor Networks LLC acquired a new position in shares of Kinross Gold in the first quarter valued at approximately $69,000. Hillsdale Investment Management Inc. boosted its position in Kinross Gold by 13,062.5% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 421,200 shares of the mining company’s stock worth $1,626,000 after buying an additional 418,000 shares during the period. Acadian Asset Management LLC grew its holdings in Kinross Gold by 4,499.6% during the 2nd quarter. Acadian Asset Management LLC now owns 2,320,244 shares of the mining company’s stock worth $8,985,000 after acquiring an additional 2,269,800 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Kinross Gold by 24.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,499,958 shares of the mining company’s stock worth $17,425,000 after acquiring an additional 873,800 shares during the last quarter. 54.86% of the stock is owned by institutional investors.

KGC stock traded up $0.03 during midday trading on Wednesday, reaching $4.83. 13,037,831 shares of the company’s stock traded hands, compared to its average volume of 14,672,626. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average price is $4.79 and its 200-day moving average price is $3.80. Kinross Gold Co. has a 52 week low of $2.38 and a 52 week high of $5.32. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 48.25 and a beta of -0.06.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, July 31st. The mining company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The company had revenue of $837.80 million during the quarter, compared to the consensus estimate of $820.97 million. Kinross Gold had a net margin of 0.13% and a return on equity of 2.78%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. Analysts forecast that Kinross Gold Co. will post 0.26 earnings per share for the current year.

KGC has been the topic of several analyst reports. Deutsche Bank set a $4.00 price objective on shares of Kinross Gold and gave the stock a “hold” rating in a research note on Thursday, July 11th. ValuEngine upgraded Kinross Gold from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Citigroup upped their target price on Kinross Gold from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Kinross Gold from a “neutral” rating to an “underweight” rating and set a $3.20 price target for the company. in a report on Thursday, May 30th. Finally, Raymond James restated an “outperform” rating and issued a $5.00 price target on shares of Kinross Gold in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Kinross Gold has an average rating of “Hold” and a consensus price target of $4.02.

Kinross Gold Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

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

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