Van ECK Associates Corp Has $671.24 Million Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Van ECK Associates Corp lessened its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 40.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,713,170 shares of the mining company's stock after selling 49,496,809 shares during the period. Kinross Gold comprises approximately 0.7% of Van ECK Associates Corp's investment portfolio, making the stock its 26th largest holding. Van ECK Associates Corp owned 5.83% of Kinross Gold worth $671,235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Kinross Gold by 1.1% in the first quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company's stock valued at $278,486,000 after purchasing an additional 497,531 shares during the last quarter. Boston Partners grew its position in Kinross Gold by 7.9% during the first quarter. Boston Partners now owns 18,226,824 shares of the mining company's stock worth $111,730,000 after buying an additional 1,328,372 shares in the last quarter. Mackenzie Financial Corp grew its position in Kinross Gold by 6.2% during the second quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company's stock worth $91,255,000 after buying an additional 643,013 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Kinross Gold by 31.2% in the 2nd quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company's stock valued at $78,946,000 after purchasing an additional 2,267,999 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Kinross Gold by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company's stock valued at $72,867,000 after purchasing an additional 1,777,076 shares in the last quarter. Institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

KGC has been the topic of a number of research analyst reports. Jefferies Financial Group raised their target price on Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, October 4th. Scotiabank raised their target price on Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. CIBC increased their price target on Kinross Gold from $8.15 to $12.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Finally, StockNews.com cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kinross Gold has a consensus rating of "Moderate Buy" and an average price target of $9.50.

Kinross Gold Trading Down 1.0 %

NYSE:KGC traded down $0.10 during trading hours on Friday, hitting $9.98. 13,884,726 shares of the company were exchanged, compared to its average volume of 13,336,050. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 0.53 and a beta of 1.22. The company has a current ratio of 1.27, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. Kinross Gold Co. has a one year low of $4.75 and a one year high of $10.82. The company has a fifty day simple moving average of $9.62 and a 200 day simple moving average of $8.61.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Kinross Gold had a return on equity of 9.32% and a net margin of 10.91%. Kinross Gold's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Sell-side analysts expect that Kinross Gold Co. will post 0.64 EPS for the current fiscal year.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.