42,178 Shares in Kinross Gold Corporation $KGC Bought by Penserra Capital Management LLC

Penserra Capital Management LLC bought a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the third quarter, according to its most recent filing with the SEC. The firm bought 42,178 shares of the mining company’s stock, valued at approximately $1,048,000.

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Kinross Gold during the second quarter valued at about $389,025,000. Man Group plc increased its stake in shares of Kinross Gold by 47.8% in the second quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock worth $261,646,000 after purchasing an additional 5,411,491 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Kinross Gold by 0.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 11,825,153 shares of the mining company’s stock worth $184,827,000 after purchasing an additional 37,942 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kinross Gold by 21.4% during the 2nd quarter. Geode Capital Management LLC now owns 10,639,787 shares of the mining company’s stock valued at $172,571,000 after purchasing an additional 1,876,764 shares during the period. Finally, AustralianSuper Pty Ltd grew its holdings in Kinross Gold by 50.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,197,872 shares of the mining company’s stock valued at $228,227,000 after buying an additional 3,089,959 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Trading Up 2.7%

Shares of KGC stock opened at $32.08 on Friday. The firm has a fifty day moving average of $30.89 and a 200-day moving average of $25.42. The stock has a market cap of $38.49 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 0.36 and a beta of 0.74. Kinross Gold Corporation has a 52-week low of $10.32 and a 52-week high of $39.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.68 and a current ratio of 2.83.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Jefferies Financial Group restated a “buy” rating and issued a $33.00 price target on shares of Kinross Gold in a research report on Sunday, December 7th. Desjardins assumed coverage on shares of Kinross Gold in a report on Friday, November 28th. They set a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.81.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.