Kinross Gold Co. (NYSE:KGC) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP lifted its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 267.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 494,590 shares of the mining company’s stock after purchasing an additional 360,100 shares during the period. Entropy Technologies LP’s holdings in Kinross Gold were worth $4,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KGC. Avior Wealth Management LLC boosted its holdings in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after purchasing an additional 5,140 shares in the last quarter. Valley National Advisers Inc. acquired a new position in Kinross Gold in the fourth quarter valued at approximately $92,000. Corundum Trust Company INC acquired a new position in Kinross Gold in the third quarter valued at approximately $94,000. OneDigital Investment Advisors LLC acquired a new position in Kinross Gold in the third quarter valued at approximately $94,000. Finally, EP Wealth Advisors LLC acquired a new position in Kinross Gold in the third quarter valued at approximately $95,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $11.13.

Kinross Gold Stock Down 0.2 %

Shares of NYSE:KGC opened at $11.89 on Friday. The stock’s 50-day moving average price is $10.20 and its two-hundred day moving average price is $9.73. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 12-month low of $4.75 and a 12-month high of $12.05. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 0.67 and a beta of 1.24.

About Kinross Gold

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.