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How Insiders and Institutions are Trading Kinross Gold Corporation (KGC)

Recent insider trends for Kinross Gold Corporation (NYSE:KGC) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how KGC might perform in the future.

Institutions own 56.10% of Kinross Gold Corporation (KGC)’s shares. The total value of these holdings, in millions, is $3,008. Among active positions in the latest quarter, 96 holders increased their positions by a total of 64.29 million shares, 119 holders decreased the positions by a total of 112.02 million shares, and 57 holders held their positions. This works out to a net decrease in ownership of 47.74 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 32 holders initiated new positions by a total of 19.75 million shares and 27 holders exited their positions by a total of 10.4 million shares. This nets out to an increase of 9.35 million shares and is a bullish sign for KGC.

Insider ownership increased by a total of 0 shares, which suggests that KGC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story:  ownership increased by a net of 0 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Kinross Gold Corporation (NYSE:KGC)’s short interest is 9.57 million shares, or 0.77% of the float. This represents an increase of 1% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for KGC. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that KGC is a buy, which implies that KGC is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Kinross Gold Corporation (NYSE:KGC) is undervalued.

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