State of Wisconsin Investment Board boosted its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,350,184 shares of the mining company’s stock after buying an additional 31,400 shares during the period. State of Wisconsin Investment Board owned approximately 0.11% of Kinross Gold Corporation worth $5,479,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in KGC. Van ECK Associates Corp boosted its position in Kinross Gold Corporation by 15.9% in the first quarter. Van ECK Associates Corp now owns 101,123,425 shares of the mining company’s stock worth $354,943,000 after buying an additional 13,902,629 shares during the period. Artisan Partners Limited Partnership boosted its position in Kinross Gold Corporation by 2.2% in the first quarter. Artisan Partners Limited Partnership now owns 40,401,930 shares of the mining company’s stock worth $141,811,000 after buying an additional 860,062 shares during the period. Vanguard Group Inc. boosted its position in Kinross Gold Corporation by 4.6% in the first quarter. Vanguard Group Inc. now owns 27,795,576 shares of the mining company’s stock worth $97,562,000 after buying an additional 1,218,910 shares during the period. Contrarius Investment Management Ltd boosted its position in Kinross Gold Corporation by 63.8% in the first quarter. Contrarius Investment Management Ltd now owns 15,588,099 shares of the mining company’s stock worth $54,714,000 after buying an additional 6,071,866 shares during the period. Finally, Ruffer LLP boosted its position in Kinross Gold Corporation by 5.5% in the first quarter. Ruffer LLP now owns 13,828,814 shares of the mining company’s stock worth $49,958,000 after buying an additional 721,365 shares during the period. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Shares of Kinross Gold Corporation (NYSE KGC) opened at 4.37 on Thursday. The company has a 50-day moving average of $4.14 and a 200 day moving average of $3.91. Kinross Gold Corporation has a 52 week low of $2.88 and a 52 week high of $4.66. The firm has a market capitalization of $5.45 billion, a P/E ratio of 104.05 and a beta of 0.22.

Kinross Gold Corporation (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, August 2nd. The mining company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $868.60 million during the quarter, compared to analyst estimates of $825.02 million. Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) earnings per share. Equities research analysts anticipate that Kinross Gold Corporation will post $0.10 earnings per share for the current year.

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Several equities analysts have recently weighed in on KGC shares. TD Securities restated a “buy” rating and issued a $5.50 price objective (up previously from $5.00) on shares of Kinross Gold Corporation in a report on Thursday, May 4th. BidaskClub upgraded Kinross Gold Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada restated a “buy” rating and issued a $5.00 price objective on shares of Kinross Gold Corporation in a report on Thursday, August 24th. Berenberg Bank restated a “hold” rating and issued a $4.60 price objective on shares of Kinross Gold Corporation in a report on Friday, August 4th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $4.00 price objective (up previously from $3.80) on shares of Kinross Gold Corporation in a report on Sunday, June 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.03.

About Kinross Gold Corporation

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

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