Kinross Gold Co. (NYSE:KGC) Shares Acquired by Louisbourg Investments Inc.

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

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after purchasing an additional 981 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after acquiring an additional 1,106 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Kinross Gold by 2.7% during the third quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock valued at $447,000 after acquiring an additional 1,235 shares during the last quarter. Blue Trust Inc. raised its stake in Kinross Gold by 9.6% in the 4th quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock valued at $219,000 after purchasing an additional 2,060 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Kinross Gold by 9.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock valued at $241,000 after purchasing an additional 2,200 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Kinross Gold Price Performance

KGC opened at $12.07 on Wednesday. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $12.28. The company’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $9.76. The stock has a market capitalization of $14.83 billion, a PE ratio of 19.78, a P/E/G ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

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.