Artisan Partners Limited Partnership Acquires 13,678,418 Shares of Kinross Gold Corporation (KGC)

Artisan Partners Limited Partnership raised its stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 52.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,541,868 shares of the mining company’s stock after buying an additional 13,678,418 shares during the period. Artisan Partners Limited Partnership owned about 3.18% of Kinross Gold Corporation worth $122,975,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Chelsea Counsel Co. increased its stake in Kinross Gold Corporation by 0.3% in the third quarter. Chelsea Counsel Co. now owns 65,593 shares of the mining company’s stock valued at $276,000 after buying an additional 181 shares during the last quarter. Advisor Group Inc. increased its stake in Kinross Gold Corporation by 2.2% in the third quarter. Advisor Group Inc. now owns 63,144 shares of the mining company’s stock valued at $266,000 after buying an additional 1,385 shares during the last quarter. Concert Wealth Management Inc. increased its stake in Kinross Gold Corporation by 8.4% in the second quarter. Concert Wealth Management Inc. now owns 21,675 shares of the mining company’s stock valued at $106,000 after buying an additional 1,675 shares during the last quarter. Capstone Asset Management Co. increased its stake in Kinross Gold Corporation by 3.9% in the third quarter. Capstone Asset Management Co. now owns 107,967 shares of the mining company’s stock valued at $455,000 after buying an additional 4,010 shares during the last quarter. Finally, World Asset Management Inc increased its stake in Kinross Gold Corporation by 8.4% in the third quarter. World Asset Management Inc now owns 82,257 shares of the mining company’s stock valued at $346,000 after buying an additional 6,389 shares during the last quarter. 60.33% of the stock is owned by institutional investors.

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

Kinross Gold Corporation (NYSE:KGC) traded down 0.24% during mid-day trading on Friday, reaching $4.09. 11,248,081 shares of the company were exchanged. Kinross Gold Corporation has a one year low of $2.66 and a one year high of $5.82. The stock has a 50 day moving average of $3.58 and a 200-day moving average of $3.94. The stock’s market capitalization is $5.09 billion.

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Several equities research analysts have recently commented on the stock. BMO Capital Markets downgraded shares of Kinross Gold Corporation from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $6.50 to $3.75 in a research report on Monday, December 19th. Zacks Investment Research downgraded shares of Kinross Gold Corporation from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. TD Securities restated a “buy” rating and set a $6.50 price target (down from $7.00) on shares of Kinross Gold Corporation in a report on Thursday, November 3rd. Canaccord Genuity restated a “buy” rating and set a $7.75 price target (down from $8.00) on shares of Kinross Gold Corporation in a report on Thursday, November 3rd. Finally, Citigroup Inc. restated a “neutral” rating on shares of Kinross Gold Corporation in a report on Monday, October 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Kinross Gold Corporation currently has a consensus rating of “Hold” and an average target price of $4.98.

About Kinross Gold Corporation

Kinross Gold Corporation is gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

5 Day Chart for NYSE:KGC

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