Strategic Financial Concepts LLC Makes New $250,000 Investment in Kinross Gold Co. (NYSE:KGC)

Strategic Financial Concepts LLC purchased a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,952 shares of the mining company’s stock, valued at approximately $250,000.

Several other large investors also recently modified their holdings of KGC. Avior Wealth Management LLC lifted its position in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares during the period. Valley National Advisers Inc. bought a new stake in Kinross Gold in the fourth quarter valued at $92,000. Corundum Trust Company INC bought a new position in shares of Kinross Gold during the 3rd quarter worth about $94,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold in the 3rd quarter valued at about $94,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Kinross Gold in the 3rd quarter valued at about $95,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Trading Up 0.9 %

NYSE:KGC opened at $12.17 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. Kinross Gold Co. has a one year low of $4.75 and a one year high of $12.28. The company has a market cap of $14.96 billion, a PE ratio of 19.95, a PEG ratio of 0.67 and a beta of 1.24. The firm has a 50-day moving average of $10.29 and a 200-day moving average of $9.79.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. As a group, equities research analysts expect that Kinross Gold Co. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Kinross Gold 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.