Dakota Wealth Management Invests $106,000 in Kinross Gold Co. (NYSE:KGC)

Dakota Wealth Management purchased a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the third quarter, Holdings Channel.com reports. The firm purchased 11,377 shares of the mining company’s stock, valued at approximately $106,000.

A number of other hedge funds have also modified their holdings of KGC. Atlas Capital Advisors LLC acquired a new position in shares of Kinross Gold in the second quarter worth $40,000. Advisor Resource Council acquired a new position in shares of Kinross Gold in the first quarter worth $60,000. Bright Futures Wealth Management LLC. acquired a new position in shares of Kinross Gold in the first quarter worth $70,000. Fifth Third Bancorp increased its position in Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after buying an additional 9,375 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Kinross Gold by 113.1% during the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock worth $94,000 after buying an additional 6,011 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on KGC shares. Scotiabank increased their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 25th. CIBC upped their price target on shares of Kinross Gold from $8.15 to $12.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group upped their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Kinross Gold currently has an average rating of “Moderate Buy” and an average target price of $9.50.

Kinross Gold Stock Up 2.5 %

NYSE KGC opened at $10.70 on Wednesday. The stock has a market cap of $13.15 billion, a PE ratio of 26.10, a PEG ratio of 0.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 1.27. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82. The firm has a 50-day simple moving average of $9.56 and a 200 day simple moving average of $8.53.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. On average, research analysts forecast that Kinross Gold Co. will post 0.64 EPS for the current year.

Kinross Gold 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.