Kinross Gold Co. (NYSE:KGC) is Triasima Portfolio Management inc.'s 4th Largest Position

Triasima Portfolio Management inc. decreased its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,498,594 shares of the mining company's stock after selling 209,856 shares during the quarter. Kinross Gold makes up 2.7% of Triasima Portfolio Management inc.'s holdings, making the stock its 4th biggest position. Triasima Portfolio Management inc. owned about 0.12% of Kinross Gold worth $13,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new position in shares of Kinross Gold in the third quarter worth about $774,000. Mediolanum International Funds Ltd acquired a new position in Kinross Gold during the 4th quarter worth approximately $2,506,000. International Assets Investment Management LLC bought a new stake in Kinross Gold during the 3rd quarter worth approximately $780,000. Geode Capital Management LLC boosted its position in shares of Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company's stock valued at $54,803,000 after buying an additional 828,456 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Kinross Gold by 25.7% during the third quarter. Raymond James & Associates now owns 340,395 shares of the mining company's stock worth $3,186,000 after buying an additional 69,520 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Price Performance

KGC stock traded up $0.03 during mid-day trading on Tuesday, reaching $12.15. 18,095,083 shares of the company traded hands, compared to its average volume of 21,539,408. The company has a fifty day moving average price of $10.25 and a 200-day moving average price of $9.76. The company has a market capitalization of $14.93 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $12.28.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kinross Gold currently has a consensus rating of "Buy" and a consensus target price 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.