Kinross Gold Corporation (NYSE:KGC) (TSE:K) was the target of unusually large options trading on Tuesday. Traders purchased 12,822 put options on the stock. This represents an increase of 1,580% compared to the typical daily volume of 763 put options.

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Kinross Gold Corporation by 42.7% during the 1st quarter. Creative Planning now owns 38,921 shares of the mining company’s stock worth $137,000 after purchasing an additional 11,643 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Kinross Gold Corporation by 6.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after purchasing an additional 2,116 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Kinross Gold Corporation by 63.1% during the 2nd quarter. GSA Capital Partners LLP now owns 37,944 shares of the mining company’s stock worth $154,000 after purchasing an additional 14,674 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Kinross Gold Corporation by 22.0% during the 2nd quarter. IFP Advisors Inc now owns 38,769 shares of the mining company’s stock worth $158,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in shares of Kinross Gold Corporation by 53.2% during the 2nd quarter. Gotham Asset Management LLC now owns 41,487 shares of the mining company’s stock worth $169,000 after purchasing an additional 14,398 shares in the last quarter. 59.56% of the stock is currently owned by institutional investors.

Shares of Kinross Gold Corporation (NYSE KGC) opened at 4.83 on Friday. The firm has a 50 day moving average price of $4.30 and a 200 day moving average price of $3.95. Kinross Gold Corporation has a 1-year low of $2.88 and a 1-year high of $4.91. The firm has a market cap of $6.02 billion, a P/E ratio of 115.00 and a beta of 0.18.

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

Several research firms have recently issued reports on KGC. BMO Capital Markets upgraded Kinross Gold Corporation from a “market perform” rating to a “buy” rating and raised their price target for the stock from $3.75 to $5.00 in a research report on Monday, May 29th. BidaskClub lowered Kinross Gold Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Bank of America Corporation upgraded Kinross Gold Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 23rd. Jefferies Group LLC set a $4.00 price target on Kinross Gold Corporation and gave the stock a “hold” rating in a research report on Friday, May 19th. Finally, Berenberg Bank restated a “hold” rating and issued a $4.60 price target on shares of Kinross Gold Corporation in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.17.

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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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