Kinross Gold Co. (NYSE:KGC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 127.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,151 shares of the mining company's stock after purchasing an additional 43,814 shares during the quarter. Janney Montgomery Scott LLC's holdings in Kinross Gold were worth $724,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Corundum Trust Company INC acquired a new position in shares of Kinross Gold during the third quarter valued at $94,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold in the 3rd quarter valued at $94,000. EP Wealth Advisors LLC bought a new stake in shares of Kinross Gold during the 3rd quarter worth about $95,000. Fiera Capital Corp bought a new stake in Kinross Gold during the third quarter valued at about $99,000. Finally, M&T Bank Corp bought a new position in Kinross Gold during the third quarter worth $100,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Down 0.5 %

NYSE KGC traded down $0.06 during mid-day trading on Tuesday, reaching $12.07. 22,557,020 shares of the stock were exchanged, compared to its average volume of 21,730,357. The stock has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $9.76. Kinross Gold Co. has a one year low of $4.75 and a one year high of $12.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The stock has a market cap of $14.83 billion, a P/E ratio of 19.78, a P/E/G ratio of 0.67 and a beta of 1.24.

Analyst Upgrades and Downgrades

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

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.