RFG Advisory LLC Invests $1.78 Million in Kinross Gold Corporation $KGC

RFG Advisory LLC bought a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 71,791 shares of the mining company’s stock, valued at approximately $1,784,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC acquired a new stake in shares of Kinross Gold during the third quarter worth approximately $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Kinross Gold in the 3rd quarter valued at about $31,000. Armstrong Advisory Group Inc. raised its stake in shares of Kinross Gold by 95.6% in the third quarter. Armstrong Advisory Group Inc. now owns 1,467 shares of the mining company’s stock worth $36,000 after acquiring an additional 717 shares during the last quarter. Hollencrest Capital Management bought a new position in Kinross Gold in the 3rd quarter worth approximately $40,000. Finally, Mather Group LLC. acquired a new position in shares of Kinross Gold during the third quarter valued at $44,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Price Performance

KGC opened at $34.31 on Wednesday. The stock has a market cap of $41.17 billion, a P/E ratio of 23.99, a P/E/G ratio of 0.37 and a beta of 0.74. Kinross Gold Corporation has a 12 month low of $10.32 and a 12 month high of $39.11. The company has a quick ratio of 1.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $31.14 and a 200 day simple moving average of $25.74.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Desjardins initiated coverage on Kinross Gold in a research report on Friday, November 28th. They issued a “buy” rating for the company. Cormark lowered shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Zacks Research cut shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Jefferies Financial Group restated a “buy” rating and issued a $33.00 price objective on shares of Kinross Gold in a report on Sunday, December 7th. Finally, Canadian Imperial Bank of Commerce set a $54.00 price objective on shares of Kinross Gold in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and an average price target of $34.81.

Kinross Gold Company Profile

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.