Emerald Acquisition Ltd. purchased a new position in Kinross Gold Corp. (NYSE:KGC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,339,737 shares of the mining company’s stock, valued at approximately $26,108,000. Emerald Acquisition Ltd. owned about 0.43% of Kinross Gold Corp. at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc raised its position in shares of Kinross Gold Corp. by 10.8% in the second quarter. CIBC Asset Management Inc now owns 1,024,406 shares of the mining company’s stock worth $4,992,000 after buying an additional 99,780 shares during the period. Quantbot Technologies LP raised its position in shares of Kinross Gold Corp. by 1,051.7% in the second quarter. Quantbot Technologies LP now owns 80,701 shares of the mining company’s stock worth $394,000 after buying an additional 73,694 shares during the period. World Asset Management Inc raised its position in shares of Kinross Gold Corp. by 12.8% in the second quarter. World Asset Management Inc now owns 75,868 shares of the mining company’s stock worth $371,000 after buying an additional 8,607 shares during the period. Arlington Capital Management Inc. acquired a new position in shares of Kinross Gold Corp. during the second quarter worth approximately $10,256,000. Finally, AGF Investments Inc. raised its position in shares of Kinross Gold Corp. by 2,857.8% in the second quarter. AGF Investments Inc. now owns 418,562 shares of the mining company’s stock worth $2,053,000 after buying an additional 404,411 shares during the period.

Kinross Gold Corp. (NYSE:KGC) traded down 2.38% on Friday, reaching $4.93. 15,584,739 shares of the company traded hands. The company’s market capitalization is $6.14 billion. Kinross Gold Corp. has a one year low of $1.31 and a one year high of $5.82. The stock’s 50 day moving average price is $5.26 and its 200 day moving average price is $4.34.

Kinross Gold Corp. (NYSE:KGC) last announced its quarterly earnings results on Wednesday, July 27th. The mining company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $876.40 million for the quarter, compared to analyst estimates of $841.98 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts predict that Kinross Gold Corp. will post $0.10 EPS for the current fiscal year.

A number of brokerages recently weighed in on KGC. Vetr raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $5.63 target price for the company in a research note on Monday, August 8th. TD Securities reissued a “buy” rating and set a $7.00 target price (down previously from $7.50) on shares of Kinross Gold Corp. in a research note on Thursday, August 4th. Zacks Investment Research raised shares of Kinross Gold Corp. from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Thursday, August 4th. Citigroup Inc. began coverage on shares of Kinross Gold Corp. in a research note on Tuesday, August 2nd. They set a “neutral” rating and a $5.50 target price for the company. Finally, BMO Capital Markets reissued a “buy” rating and set a $6.50 target price on shares of Kinross Gold Corp. in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $4.79.

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.