NN Investment Partners Holdings N.V. Sells 1,041,987 Shares of Kinross Gold Co. (KGC)

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NN Investment Partners Holdings N.V. lessened its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 68.9% in the third quarter, HoldingsChannel reports. The firm owned 471,243 shares of the mining company’s stock after selling 1,041,987 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Kinross Gold were worth $1,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Regentatlantic Capital LLC increased its holdings in Kinross Gold by 152.1% in the 2nd quarter. Regentatlantic Capital LLC now owns 28,135 shares of the mining company’s stock worth $106,000 after purchasing an additional 16,975 shares in the last quarter. Vanguard Capital Wealth Advisors acquired a new position in Kinross Gold in the 2nd quarter worth about $182,000. Nomura Holdings Inc. acquired a new position in Kinross Gold in the 2nd quarter worth about $248,000. Tower Research Capital LLC TRC increased its holdings in Kinross Gold by 4,393.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 96,161 shares of the mining company’s stock worth $362,000 after purchasing an additional 94,021 shares in the last quarter. Finally, Malaga Cove Capital LLC increased its holdings in Kinross Gold by 75.3% in the 2nd quarter. Malaga Cove Capital LLC now owns 134,255 shares of the mining company’s stock worth $505,000 after purchasing an additional 57,673 shares in the last quarter. 53.65% of the stock is owned by institutional investors and hedge funds.

KGC has been the subject of a number of recent research reports. Zacks Investment Research cut Kinross Gold from a “hold” rating to a “sell” rating in a report on Monday, October 8th. BMO Capital Markets reaffirmed a “hold” rating and issued a $3.50 target price on shares of Kinross Gold in a report on Friday, September 21st. Deutsche Bank set a $4.00 target price on Kinross Gold and gave the stock a “hold” rating in a report on Tuesday, October 2nd. Royal Bank of Canada cut Kinross Gold from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $5.00 to $4.75 in a report on Monday, August 20th. They noted that the move was a valuation call. Finally, TD Securities cut Kinross Gold from an “action list buy” rating to a “buy” rating and lowered their target price for the stock from $6.00 to $5.50 in a report on Saturday, July 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Kinross Gold presently has a consensus rating of “Hold” and a consensus price target of $4.33.

Shares of KGC stock opened at $2.70 on Wednesday. The stock has a market capitalization of $3.44 billion, a PE ratio of 19.29 and a beta of 0.22. The company has a quick ratio of 1.88, a current ratio of 3.71 and a debt-to-equity ratio of 0.37. Kinross Gold Co. has a 1-year low of $2.57 and a 1-year high of $4.78.

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Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.

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

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