HBK Investments L P Has $8.68 Million Holdings in Kinross Gold Co. (KGC)
HBK Investments L P boosted its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 236.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,009,469 shares of the mining company’s stock after purchasing an additional 1,411,769 shares during the period. HBK Investments L P’s holdings in Kinross Gold were worth $8,681,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Two Sigma Investments LP increased its stake in Kinross Gold by 198.0% in the 4th quarter. Two Sigma Investments LP now owns 6,356,275 shares of the mining company’s stock worth $27,459,000 after purchasing an additional 4,223,036 shares during the period. Two Sigma Advisers LP increased its stake in Kinross Gold by 60.1% in the 4th quarter. Two Sigma Advisers LP now owns 4,168,139 shares of the mining company’s stock worth $18,007,000 after purchasing an additional 1,564,686 shares during the period. AMP Capital Investors Ltd increased its stake in Kinross Gold by 25.9% in the 4th quarter. AMP Capital Investors Ltd now owns 903,121 shares of the mining company’s stock worth $3,905,000 after purchasing an additional 185,714 shares during the period. Tocqueville Asset Management L.P. increased its stake in Kinross Gold by 188.7% in the 4th quarter. Tocqueville Asset Management L.P. now owns 8,209,200 shares of the mining company’s stock worth $35,464,000 after purchasing an additional 5,365,400 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Kinross Gold by 7.9% during the fourth quarter. Renaissance Technologies LLC now owns 41,846,099 shares of the mining company’s stock valued at $180,775,000 after buying an additional 3,063,127 shares during the period. 55.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kinross Gold Co. (NYSE KGC) opened at $3.59 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.03 and a current ratio of 3.90. Kinross Gold Co. has a 1 year low of $3.15 and a 1 year high of $4.91. The firm has a market capitalization of $4,476.74, a P/E ratio of 25.64 and a beta of 0.41.
Several equities analysts have recently issued reports on KGC shares. Zacks Investment Research raised Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research note on Tuesday, February 13th. BMO Capital Markets set a $5.00 target price on Kinross Gold and gave the company a “buy” rating in a research note on Tuesday, December 19th. Desjardins reissued a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. Finally, Royal Bank of Canada reduced their target price on Kinross Gold from $5.50 to $5.00 and set an “outperform” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.83.
Kinross Gold 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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