Entropy Technologies LP Purchases 360,100 Shares of Kinross Gold Co. (NYSE:KGC)

Entropy Technologies LP lifted its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 267.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC increased its position in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after acquiring an additional 5,140 shares during the period. Corundum Trust Company INC bought a new stake in shares of Kinross Gold in the third quarter worth $94,000. Valley National Advisers Inc. acquired a new stake in Kinross Gold in the fourth quarter valued at $92,000. OneDigital Investment Advisors LLC bought a new position in Kinross Gold during the 3rd quarter worth $94,000. Finally, EP Wealth Advisors LLC acquired a new position in Kinross Gold during the 3rd quarter worth about $95,000. Institutional investors and hedge funds own 63.69% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold has a consensus rating of "Buy" and a consensus target price of $11.13.

Kinross Gold Trading Up 0.9 %

KGC traded up $0.11 during trading on Wednesday, reaching $12.17. 21,776,173 shares of the stock traded hands, compared to its average volume of 21,730,584. The stock's 50-day moving average is $10.29 and its 200 day moving average is $9.79. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $12.28. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $14.96 billion, a PE ratio of 19.95, a P/E/G ratio of 0.67 and a beta of 1.24.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. Equities analysts anticipate that Kinross Gold Co. will post 0.73 earnings per share 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.