Scotia Capital Inc. raised its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 101.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,602 shares of the mining company’s stock after acquiring an additional 135,244 shares during the quarter. Scotia Capital Inc.’s holdings in Kinross Gold were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Kinross Gold during the third quarter worth about $100,000. Van Hulzen Asset Management LLC purchased a new stake in shares of Kinross Gold during the third quarter worth about $108,000. Sigma Planning Corp purchased a new stake in shares of Kinross Gold during the third quarter worth about $121,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Kinross Gold by 6.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,764 shares of the mining company’s stock worth $146,000 after buying an additional 2,116 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of Kinross Gold during the fourth quarter worth about $178,000. Hedge funds and other institutional investors own 54.10% of the company’s stock.
KGC has been the subject of a number of recent research reports. BMO Capital Markets set a $5.00 price target on shares of Kinross Gold and gave the stock a “buy” rating in a report on Tuesday, December 19th. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th. Finally, Zacks Investment Research upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.83.
Shares of Kinross Gold Co. (NYSE KGC) opened at $3.57 on Friday. Kinross Gold Co. has a twelve month low of $3.15 and a twelve month high of $4.91. The stock has a market cap of $4,451.80, a P/E ratio of 9.92 and a beta of 0.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.90 and a quick ratio of 2.03.
Kinross Gold Company Profile
Kinross Gold Corporation is a 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. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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