Compagnie Lombard Odier SCmA Acquires Shares of 21,600 Kinross Gold Corporation $KGC

Compagnie Lombard Odier SCmA acquired a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,600 shares of the mining company’s stock, valued at approximately $536,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of KGC. AQR Capital Management LLC lifted its position in shares of Kinross Gold by 35.1% during the 1st quarter. AQR Capital Management LLC now owns 70,370 shares of the mining company’s stock valued at $887,000 after acquiring an additional 18,287 shares during the period. Caxton Associates LLP acquired a new position in Kinross Gold in the first quarter valued at about $158,000. Sivia Capital Partners LLC bought a new stake in Kinross Gold during the second quarter worth about $167,000. US Bancorp DE grew its stake in Kinross Gold by 2.0% during the second quarter. US Bancorp DE now owns 55,320 shares of the mining company’s stock worth $865,000 after buying an additional 1,103 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Kinross Gold by 19.1% in the 2nd quarter. IFP Advisors Inc now owns 5,210 shares of the mining company’s stock valued at $81,000 after buying an additional 835 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE KGC opened at $34.31 on Wednesday. The firm’s fifty day moving average price is $31.14 and its two-hundred day moving average price is $25.74. The stock has a market cap of $41.17 billion, a PE ratio of 23.99, a PEG ratio of 0.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.68 and a current ratio of 2.83. Kinross Gold Corporation has a fifty-two week low of $10.32 and a fifty-two week high of $39.11.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Cormark downgraded shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Jefferies Financial Group restated a “buy” rating and set a $33.00 price objective on shares of Kinross Gold in a research report on Sunday, December 7th. Canadian Imperial Bank of Commerce set a $54.00 target price on Kinross Gold in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Finally, UBS Group set a $43.00 price target on Kinross Gold in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.81.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.