Kinross Gold Co. (NYSE:KGC) Short Interest Up 7.1% in January

Kinross Gold Co. (NYSE:KGC) (TSE:K) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 7,980,000 shares, a growth of 7.1% from the December 31st total of 7,450,000 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 16,430,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Kinross Gold

A number of large investors have recently made changes to their positions in KGC. Boothe Investment Group Inc. lifted its position in Kinross Gold by 1.7% during the 4th quarter. Boothe Investment Group Inc. now owns 853,105 shares of the mining company’s stock worth $7,908,000 after acquiring an additional 14,572 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Kinross Gold during the 4th quarter worth approximately $519,000. First Horizon Advisors Inc. raised its stake in shares of Kinross Gold by 669.0% during the 4th quarter. First Horizon Advisors Inc. now owns 12,297 shares of the mining company’s stock worth $114,000 after buying an additional 10,698 shares in the last quarter. Leuthold Group LLC raised its stake in shares of Kinross Gold by 152.0% during the 4th quarter. Leuthold Group LLC now owns 638,600 shares of the mining company’s stock worth $5,920,000 after buying an additional 385,161 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Kinross Gold by 1.0% during the 4th quarter. Allianz Asset Management GmbH now owns 5,127,891 shares of the mining company’s stock worth $47,600,000 after buying an additional 49,328 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $11.13.

Kinross Gold Trading Up 0.0 %

Shares of Kinross Gold stock traded up $0.01 during trading hours on Tuesday, hitting $11.46. The company’s stock had a trading volume of 10,590,250 shares, compared to its average volume of 20,965,896. Kinross Gold has a twelve month low of $4.75 and a twelve month high of $11.68. The firm has a fifty day moving average of $10.01 and a 200-day moving average of $9.64. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 0.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. Kinross Gold’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 EPS. Research analysts forecast that Kinross Gold will post 0.72 EPS for the current 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.