Deutsche Bank AG reduced its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 11.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,266,533 shares of the mining company’s stock after selling 843,118 shares during the quarter. Deutsche Bank AG owned about 0.50% of Kinross Gold worth $27,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KGC. Aperio Group LLC boosted its position in shares of Kinross Gold by 53.9% during the 3rd quarter. Aperio Group LLC now owns 190,197 shares of the mining company’s stock valued at $806,000 after acquiring an additional 66,616 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Kinross Gold by 72.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 193,077 shares of the mining company’s stock valued at $819,000 after acquiring an additional 81,057 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Kinross Gold by 34.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,288,354 shares of the mining company’s stock valued at $60,582,000 after acquiring an additional 3,672,988 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in Kinross Gold during the 3rd quarter valued at $321,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kinross Gold by 28.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,954,925 shares of the mining company’s stock valued at $8,269,000 after buying an additional 428,297 shares during the period. Hedge funds and other institutional investors own 55.19% of the company’s stock.

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Shares of Kinross Gold Co. (KGC) opened at $3.66 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.90 and a quick ratio of 2.03. Kinross Gold Co. has a 52 week low of $3.35 and a 52 week high of $4.91. The firm has a market capitalization of $4,514.15, a price-to-earnings ratio of 25.86 and a beta of 0.41.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, February 14th. The mining company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Kinross Gold had a return on equity of 4.03% and a net margin of 13.48%. The business had revenue of $810.30 million during the quarter, compared to analysts’ expectations of $852.68 million. sell-side analysts expect that Kinross Gold Co. will post 0.17 EPS for the current year.

Several research firms recently weighed in on KGC. Royal Bank of Canada decreased their price target on Kinross Gold from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Monday, March 12th. Zacks Investment Research upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a report on Tuesday, February 13th. BMO Capital Markets set a $5.00 price target on Kinross Gold and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, Desjardins restated a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kinross Gold currently has an average rating of “Hold” and an average price target of $4.83.

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

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