Louisbourg Investments Inc. Grows Position in Kinross Gold Co. (NYSE:KGC)

Louisbourg Investments Inc. raised its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,500 shares of the mining company’s stock after buying an additional 2,700 shares during the period. Louisbourg Investments Inc.’s holdings in Kinross Gold were worth $2,622,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KGC. Capstone Investment Advisors LLC purchased a new position in shares of Kinross Gold in the 3rd quarter valued at $774,000. Mediolanum International Funds Ltd acquired a new position in shares of Kinross Gold during the fourth quarter worth about $2,506,000. International Assets Investment Management LLC purchased a new stake in shares of Kinross Gold in the third quarter worth about $780,000. Geode Capital Management LLC grew its stake in shares of Kinross Gold by 16.9% in the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after buying an additional 828,456 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Kinross Gold by 25.7% during the 3rd quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock valued at $3,186,000 after buying an additional 69,520 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kinross Gold has a consensus rating of “Buy” and an average price target of $11.13.

Kinross Gold Price Performance

Shares of NYSE KGC opened at $12.07 on Wednesday. The business has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $9.76. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $12.28. The firm has a market cap of $14.83 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.