21,600 Shares in Kinross Gold Corporation $KGC Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA acquired a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,600 shares of the mining company’s stock, valued at approximately $536,000.

A number of other institutional investors have also recently bought and sold shares of KGC. Massachusetts Financial Services Co. MA boosted its holdings in shares of Kinross Gold by 192.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,647,057 shares of the mining company’s stock valued at $90,629,000 after buying an additional 2,398,621 shares during the period. Osaic Holdings Inc. lifted its position in Kinross Gold by 203.0% in the 2nd quarter. Osaic Holdings Inc. now owns 152,755 shares of the mining company’s stock valued at $2,388,000 after acquiring an additional 102,348 shares in the last quarter. U S Global Investors Inc. boosted its stake in Kinross Gold by 60.5% in the 3rd quarter. U S Global Investors Inc. now owns 417,334 shares of the mining company’s stock worth $10,371,000 after purchasing an additional 157,334 shares during the period. Dynasty Wealth Management LLC boosted its stake in Kinross Gold by 185.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 226,215 shares of the mining company’s stock worth $5,621,000 after purchasing an additional 146,955 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in Kinross Gold during the 3rd quarter worth about $1,253,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KGC. Zacks Research lowered Kinross Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Scotiabank upped their price target on Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $33.00 price objective on shares of Kinross Gold in a research report on Sunday, December 7th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kinross Gold has an average rating of “Moderate Buy” and an average target price of $34.81.

Kinross Gold Trading Up 1.1%

Shares of Kinross Gold stock opened at $34.31 on Wednesday. The stock has a market cap of $41.17 billion, a P/E ratio of 23.99, a P/E/G ratio of 0.37 and a beta of 0.74. The company has a quick ratio of 1.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. Kinross Gold Corporation has a 12-month low of $10.32 and a 12-month high of $39.11. The business’s 50 day moving average is $31.14 and its 200-day moving average is $25.74.

Kinross Gold 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.