Alps Advisors Inc. Buys 27,965 Shares of Kinross Gold Corporation $KGC

Alps Advisors Inc. boosted its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 28.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 124,607 shares of the mining company’s stock after buying an additional 27,965 shares during the quarter. Alps Advisors Inc.’s holdings in Kinross Gold were worth $3,096,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Ballentine Partners LLC boosted its stake in shares of Kinross Gold by 1.8% during the third quarter. Ballentine Partners LLC now owns 32,144 shares of the mining company’s stock valued at $799,000 after purchasing an additional 565 shares during the period. Evergreen Capital Management LLC grew its holdings in Kinross Gold by 1.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 56,135 shares of the mining company’s stock worth $877,000 after acquiring an additional 593 shares during the last quarter. Signaturefd LLC increased its position in shares of Kinross Gold by 1.6% in the third quarter. Signaturefd LLC now owns 43,872 shares of the mining company’s stock valued at $1,090,000 after acquiring an additional 680 shares during the period. Armstrong Advisory Group Inc. raised its stake in shares of Kinross Gold by 95.6% during the third quarter. Armstrong Advisory Group Inc. now owns 1,467 shares of the mining company’s stock valued at $36,000 after acquiring an additional 717 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its holdings in shares of Kinross Gold by 1.4% during the second quarter. Elevation Point Wealth Partners LLC now owns 56,907 shares of the mining company’s stock worth $889,000 after purchasing an additional 783 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Up 5.8%

Shares of Kinross Gold stock opened at $33.94 on Tuesday. Kinross Gold Corporation has a 1 year low of $10.32 and a 1 year high of $39.11. The firm has a market cap of $40.72 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 0.36 and a beta of 0.74. The company has a 50-day moving average of $31.00 and a 200 day moving average of $25.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.83 and a quick ratio of 1.68.

Wall Street Analyst Weigh In

KGC has been the subject of a number of recent analyst reports. UBS Group set a $43.00 price target on Kinross Gold in a research report on Friday, January 30th. Canadian Imperial Bank of Commerce set a $54.00 price target on shares of Kinross Gold in a report on Wednesday, February 4th. Cormark lowered shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Desjardins started coverage on shares of Kinross Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. Finally, Wall Street Zen raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.81.

Kinross Gold Company 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.