Kinross Gold Corporation (NYSE:KGC) produced a 79.41% rally since recording the worst price of $2.38. Thanks to the latest 0.23% increase, it now trades at $4.27. Throughout the trading on 7/30/2019, the share price floated between $4.21 and $4.29. This company shares are 5.85% off its target price of $4.52 and the current market capitalization stands at $5.34B. The recent change has given its price a 14.89% lead over SMA 50 and -2.51% deficit over its 52-week high. The stock witnessed 10.05% gains, 34.28% gains and 30.98% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found KGC’s volatility during a week at 2.69% and during a month it has been found around 3.41%.
What Does Kinross Gold Corporation (KGC) Do?
The company describes itself in regulatory filings as, “Kinross Gold Corp. is an exploration company. It engages in the production, acquisition, exploration and development of gold bearing properties in Canada, United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana and Mauritania. The products are gold and silver produced in the form of dore. The company operates through the following business segments: Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Crixas, La Coipa, Maricunga, Tasiast and Chirano. Kinross Gold was founded by Robert MacKay Buchan on May 31, 1993 and is headquartered in Toronto, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/KGC/profile under company description.]Kinross Gold Corporation (KGC) Top Holders
Institutional investors currently hold around $3.21 billion or 69.9% in KGC stock. Look at its top three institutional owners: Van Eck Associates Corp owns $749.68 million in Kinross Gold Corporation, which represents roughly 14.04% of the company’s market cap and approximately 23.38% of the institutional ownership. Similar statistics are true for the second largest owner, Ruffer Llp, which owns 66,624,975 shares of the stock are valued at $283.82 million. The third largest holder is Renaissance Technologies Llc, which currently holds $250.1 million worth of this stock and that ownership represents nearly 4.68% of its market capitalization.
At the end of March reporting period, 102 institutional holders increased their position in Kinross Gold Corporation (NYSE:KGC) by some 54,679,546 shares, 97 decreased positions by 69,430,257 and 60 held positions by 628,431,553. That puts total institutional holdings at 752,541,356 shares, according to SEC filings. The stock grabbed 34 new institutional investments totaling 19,591,768 shares while 21 institutional investors sold out their entire positions totaling 6,349,868 shares.Kinross Gold Corporation (KGC) Analyst Guide
Several analysts have released their opinion on Kinross Gold Corporation (NYSE:KGC), with 1 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 7 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.58 average brokerage recommendation [T1].