Raymond James & Associates Acquires 69,520 Shares of Kinross Gold Co. (NYSE:KGC)

Raymond James & Associates boosted its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 25.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,395 shares of the mining company's stock after purchasing an additional 69,520 shares during the quarter. Raymond James & Associates' holdings in Kinross Gold were worth $3,186,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. lifted its position in shares of Kinross Gold by 616.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 25,800 shares of the mining company's stock worth $158,000 after acquiring an additional 22,200 shares during the period. Quantbot Technologies LP acquired a new stake in Kinross Gold during the first quarter worth $1,095,000. Primoris Wealth Advisors LLC bought a new stake in Kinross Gold in the 1st quarter valued at $164,000. First Eagle Investment Management LLC bought a new stake in Kinross Gold in the first quarter valued at about $23,907,000. Finally, Anthracite Investment Company Inc. boosted its stake in Kinross Gold by 40.2% in the 1st quarter. Anthracite Investment Company Inc. now owns 140,241 shares of the mining company's stock valued at $860,000 after buying an additional 40,241 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Trading Up 0.6 %

Shares of NYSE:KGC traded up $0.06 during trading on Tuesday, hitting $10.03. 15,694,892 shares of the company's stock were exchanged, compared to its average volume of 15,239,882. The firm has a 50-day moving average price of $9.64 and a two-hundred day moving average price of $8.63. Kinross Gold Co. has a 1-year low of $4.75 and a 1-year high of $10.82. The firm has a market cap of $12.33 billion, a P/E ratio of 24.32, a PEG ratio of 0.51 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KGC. 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 lowered shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Friday. CIBC boosted their target price on Kinross Gold from $8.15 to $12.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their price objective 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $9.50.

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.