Todd Asset Management LLC Buys 30,419 Shares of Kinross Gold Corporation $KGC

Todd Asset Management LLC lifted its stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 12.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 272,359 shares of the mining company’s stock after acquiring an additional 30,419 shares during the period. Todd Asset Management LLC’s holdings in Kinross Gold were worth $6,768,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its position in shares of Kinross Gold by 1.8% in 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. Cadence Wealth Management LLC grew its stake in Kinross Gold by 1.3% in the 3rd quarter. Cadence Wealth Management LLC now owns 46,233 shares of the mining company’s stock valued at $1,149,000 after buying an additional 581 shares during the last quarter. Evergreen Capital Management LLC raised 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 period. Signaturefd LLC lifted its position in Kinross Gold by 1.6% during the 3rd quarter. Signaturefd LLC now owns 43,872 shares of the mining company’s stock worth $1,090,000 after acquiring an additional 680 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in 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 period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of NYSE KGC opened at $34.42 on Tuesday. The firm has a market capitalization of $41.30 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 0.36 and a beta of 0.74. Kinross Gold Corporation has a one year low of $10.32 and a one year high of $39.11. The business has a fifty day simple moving average of $31.70 and a 200 day simple moving average of $26.25. The company has a current ratio of 2.83, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

KGC has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Wall Street Zen lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. UBS Group set a $43.00 price target on Kinross Gold in a report on Friday, January 30th. Desjardins started coverage on shares of Kinross Gold in a research note on Friday, November 28th. They issued a “buy” rating on the stock. Finally, Scotiabank upped their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.81.

About Kinross Gold

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.