71,791 Shares in Kinross Gold Corporation $KGC Acquired by RFG Advisory LLC

RFG Advisory LLC bought a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 71,791 shares of the mining company’s stock, valued at approximately $1,784,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new position in Kinross Gold during the 2nd quarter worth approximately $389,025,000. Man Group plc grew its stake in shares of Kinross Gold by 47.8% in the second quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock valued at $261,646,000 after buying an additional 5,411,491 shares in the last quarter. Bank of America Corp DE increased its holdings in Kinross Gold by 81.2% during the second quarter. Bank of America Corp DE now owns 8,073,665 shares of the mining company’s stock worth $126,191,000 after buying an additional 3,617,320 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in shares of Kinross Gold by 127.2% during the 2nd quarter. AustralianSuper Pty Ltd now owns 6,107,913 shares of the mining company’s stock worth $95,509,000 after purchasing an additional 3,419,440 shares during the last quarter. Finally, Invesco Ltd. increased its position in Kinross Gold by 47.5% during the second quarter. Invesco Ltd. now owns 8,947,418 shares of the mining company’s stock worth $139,848,000 after buying an additional 2,880,097 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Up 1.1%

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

Analyst Ratings Changes

Several research analysts have recently commented on KGC shares. UBS Group set a $43.00 target price on Kinross Gold in a research note on Friday, January 30th. Cormark downgraded shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Desjardins started coverage on Kinross Gold in a report on Friday, November 28th. They set a “buy” rating for the company. Scotiabank upped their price target on shares of Kinross Gold from $32.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Zacks Research lowered Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.81.

Kinross Gold 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.