Arlington Capital Management Inc. Holds Position in Kinross Gold Corporation (KGC)
Arlington Capital Management Inc. continued to hold its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,931 shares of the mining company’s stock at the end of the second quarter. Kinross Gold Corporation makes up approximately 0.1% of Arlington Capital Management Inc.’s investment portfolio, making the stock its 25th largest position. Arlington Capital Management Inc.’s holdings in Kinross Gold Corporation were worth $158,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in KGC. Creative Planning raised its stake in shares of Kinross Gold Corporation by 42.7% in the first quarter. Creative Planning now owns 38,921 shares of the mining company’s stock valued at $137,000 after buying an additional 11,643 shares during the period. IFP Advisors Inc raised its stake in shares of Kinross Gold Corporation by 22.0% in the second quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock valued at $158,000 after buying an additional 7,000 shares during the period. Virtu Financial LLC bought a new stake in shares of Kinross Gold Corporation during the second quarter valued at about $202,000. Karp Capital Management Corp bought a new stake in shares of Kinross Gold Corporation during the first quarter valued at about $235,000. Finally, Korea Investment CORP bought a new stake in shares of Kinross Gold Corporation during the first quarter valued at about $271,000. 59.56% of the stock is currently owned by institutional investors.
Kinross Gold Corporation (NYSE KGC) traded up 2.06% during midday trading on Thursday, reaching $4.46. 4,259,623 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $4.14 and a 200-day moving average of $3.91. Kinross Gold Corporation has a 12 month low of $2.88 and a 12 month high of $4.66. The stock has a market cap of $5.56 billion, a PE ratio of 106.19 and a beta of 0.22.
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 for the quarter, beating the Thomson Reuters’ 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 company had revenue of $868.60 million for the quarter, compared to analyst estimates of $825.02 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. Kinross Gold Corporation’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities research analysts predict that Kinross Gold Corporation will post $0.10 earnings per share for the current year.
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Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised shares of Kinross Gold Corporation from a “market perform” rating to a “buy” rating and lifted their price target for the company from $3.75 to $5.00 in a report on Monday, May 29th. Scotiabank set a $4.00 price target on shares of Kinross Gold Corporation and gave the company a “sector perform” rating in a report on Thursday, May 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $3.75 price target (down from $4.00) on shares of Kinross Gold Corporation in a report on Friday, July 14th. Royal Bank Of Canada set a $5.00 price target on shares of Kinross Gold Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Raymond James Financial, Inc. reaffirmed an “ourperform” rating and set a $6.00 price target on shares of Kinross Gold Corporation in a report on Thursday, June 15th. Two investment 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. Kinross Gold Corporation currently has an average rating of “Hold” and an average target price of $5.03.
Kinross Gold Corporation Company Profile
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.
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