83,304 Shares in Kinross Gold Co. (NYSE:KGC) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 83,304 shares of the mining company’s stock, valued at approximately $780,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KGC. Daiwa Securities Group Inc. increased its holdings in Kinross Gold by 616.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 25,800 shares of the mining company’s stock worth $158,000 after acquiring an additional 22,200 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Kinross Gold in the 1st quarter worth $1,095,000. Primoris Wealth Advisors LLC purchased a new stake in Kinross Gold in the 1st quarter worth $164,000. First Eagle Investment Management LLC purchased a new stake in Kinross Gold in the 1st quarter worth $23,907,000. Finally, Anthracite Investment Company Inc. increased its holdings in Kinross Gold by 40.2% in the 1st quarter. Anthracite Investment Company Inc. now owns 140,241 shares of the mining company’s stock worth $860,000 after acquiring an additional 40,241 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Trading Up 0.5 %

Shares of KGC opened at $10.02 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. Kinross Gold Co. has a 12-month low of $4.75 and a 12-month high of $10.82. The firm has a 50-day moving average price of $9.66 and a 200 day moving average price of $8.66. The firm has a market capitalization of $12.32 billion, a P/E ratio of 24.44, a P/E/G ratio of 0.51 and a beta of 1.22.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KGC shares. Jefferies Financial Group upped their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank upped their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. CIBC upped their target price on shares of Kinross Gold from $8.15 to $12.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Finally, StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Kinross Gold currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

About Kinross Gold

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.