Kinross Gold Co. (NYSE:KGC) (TSE:K) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 25,875,663 shares, a drop of 37.1% from the January 15th total of 41,113,405 shares. Based on an average daily trading volume, of 11,550,255 shares, the short-interest ratio is currently 2.2 days.

KGC has been the subject of several research reports. Credit Suisse Group reissued a “hold” rating and issued a $3.00 target price on shares of Kinross Gold in a research note on Thursday, February 7th. BMO Capital Markets reissued a “hold” rating and issued a $3.25 target price on shares of Kinross Gold in a research note on Friday, November 9th. ValuEngine cut Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Royal Bank of Canada reissued a “hold” rating on shares of Kinross Gold in a research note on Thursday, November 8th. Finally, Raymond James lowered their target price on Kinross Gold from $5.00 to $4.50 and set an “outperform” rating for the company in a research note on Friday, November 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $4.08.

NYSE:KGC opened at $3.21 on Thursday. Kinross Gold has a 12-month low of $2.38 and a 12-month high of $4.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.26 and a current ratio of 3.07. The firm has a market capitalization of $4.03 billion, a PE ratio of 22.93 and a beta of -0.01.

Several large investors have recently bought and sold shares of KGC. BlackRock Inc. boosted its position in shares of Kinross Gold by 3.8% in the 2nd quarter. BlackRock Inc. now owns 3,499,165 shares of the mining company’s stock worth $13,157,000 after purchasing an additional 128,212 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Kinross Gold by 8.0% in 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 boosted its position in shares of Kinross Gold by 6.9% in the 2nd quarter. Northern Trust Corp now owns 1,160,909 shares of the mining company’s stock worth $4,365,000 after purchasing an additional 75,157 shares during the last quarter. Andra AP fonden boosted its position in shares of Kinross Gold by 44.4% in the 3rd quarter. Andra AP fonden now owns 565,400 shares of the mining company’s stock worth $1,990,000 after purchasing an additional 173,800 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Kinross Gold by 144.3% in the 3rd quarter. Aperio Group LLC now owns 1,043,346 shares of the mining company’s stock worth $2,817,000 after purchasing an additional 616,245 shares during the last quarter. Institutional investors and hedge funds own 53.96% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.watchlistnews.com/short-interest-in-kinross-gold-co-kgc-decreases-by-37-1/2819333.html.

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.

Further Reading: Net Asset Value

Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.