Creative Planning Acquires 7,689 Shares of Kinross Gold Co. (NYSE:KGC)

Creative Planning increased its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 12.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 71,945 shares of the mining company’s stock after acquiring an additional 7,689 shares during the period. Creative Planning’s holdings in Kinross Gold were worth $673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KGC. Atlas Capital Advisors LLC bought a new stake in shares of Kinross Gold during the 2nd quarter worth approximately $40,000. Bright Futures Wealth Management LLC. bought a new stake in shares of Kinross Gold during the 1st quarter worth approximately $70,000. Fifth Third Bancorp lifted its stake in shares of Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after acquiring an additional 9,375 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Kinross Gold by 113.1% during the 2nd quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock worth $94,000 after acquiring an additional 6,011 shares during the last quarter. Finally, OLD National Bancorp IN bought a new stake in shares of Kinross Gold during the 2nd quarter worth approximately $95,000. 63.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KGC shares. StockNews.com lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Friday. CIBC lifted their target price on Kinross Gold from $8.15 to $12.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Scotiabank lifted their target price on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group lifted their target price on Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kinross Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Kinross Gold Trading Down 1.0 %

Shares of NYSE:KGC opened at $9.98 on Monday. Kinross Gold Co. has a 12-month low of $4.75 and a 12-month high of $10.82. The business’s fifty day simple moving average is $9.62 and its 200-day simple moving average is $8.61. The company has a market capitalization of $12.27 billion, a PE ratio of 24.34, a P/E/G ratio of 0.53 and a beta of 1.22. The company has a current ratio of 1.27, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19.

Kinross Gold Company 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.