Apollon Wealth Management LLC Invests $112,000 in Kinross Gold Co. (KGC) Stock

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Apollon Wealth Management LLC bought a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,209 shares of the mining company’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in shares of Kinross Gold by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,289,556 shares of the mining company’s stock worth $49,969,000 after purchasing an additional 986,787 shares during the last quarter. Northern Trust Corp lifted its position in shares of Kinross Gold by 6.9% in the second quarter. Northern Trust Corp now owns 1,160,909 shares of the mining company’s stock valued at $4,365,000 after acquiring an additional 75,157 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Kinross Gold by 126.2% during the third quarter. Gamco Investors INC. ET AL now owns 101,800 shares of the mining company’s stock worth $275,000 after buying an additional 56,800 shares in the last quarter. Gabelli Funds LLC lifted its position in Kinross Gold by 123.1% during the third quarter. Gabelli Funds LLC now owns 435,000 shares of the mining company’s stock worth $1,175,000 after buying an additional 240,000 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Kinross Gold by 44.8% during the third quarter. SG Americas Securities LLC now owns 517,967 shares of the mining company’s stock worth $1,399,000 after buying an additional 160,366 shares in the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE KGC opened at $3.36 on Friday. Kinross Gold Co. has a 12-month low of $2.38 and a 12-month high of $4.12. The firm has a market capitalization of $4.19 billion, a P/E ratio of 33.60 and a beta of -0.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.61 and a quick ratio of 0.89.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, February 13th. The mining company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $786.50 million during the quarter, compared to the consensus estimate of $761.30 million. Kinross Gold had a positive return on equity of 2.78% and a negative net margin of 0.73%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. On average, analysts forecast that Kinross Gold Co. will post 0.13 earnings per share for the current year.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Kinross Gold from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Wednesday. Raymond James reissued an “outperform” rating and set a $4.50 target price on shares of Kinross Gold in a research note on Thursday, February 14th. Credit Suisse Group reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Kinross Gold in a research note on Thursday, February 7th. ValuEngine downgraded Kinross Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Royal Bank of Canada set a $4.00 price target on Kinross Gold and gave the company a “hold” rating in a research report on Wednesday, December 12th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Kinross Gold currently has an average rating of “Hold” and an average price target of $4.07.

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About Kinross Gold

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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