Caprock Group LLC Invests $3.40 Million in Kinross Gold Corporation $KGC

Caprock Group LLC bought a new stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 136,894 shares of the mining company’s stock, valued at approximately $3,402,000.

A number of other large investors have also bought and sold shares of the stock. GPS Wealth Strategies Group LLC purchased a new stake in shares of Kinross Gold during the third quarter valued at approximately $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Kinross Gold during the 3rd quarter valued at $31,000. Armstrong Advisory Group Inc. boosted its position in Kinross Gold by 95.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,467 shares of the mining company’s stock valued at $36,000 after buying an additional 717 shares during the period. Hollencrest Capital Management bought a new stake in Kinross Gold in the 3rd quarter worth $40,000. Finally, Mather Group LLC. purchased a new position in shares of Kinross Gold in the third quarter valued at about $44,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Price Performance

Shares of KGC opened at $34.90 on Thursday. Kinross Gold Corporation has a fifty-two week low of $10.32 and a fifty-two week high of $39.11. The firm’s 50-day simple moving average is $31.29 and its two-hundred day simple moving average is $25.80. The stock has a market cap of $41.87 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 0.38 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.68 and a current ratio of 2.83.

Analyst Ratings Changes

A number of research firms have recently weighed in on KGC. Weiss Ratings reiterated a “buy (a)” rating on shares of Kinross Gold in a report on Wednesday, January 28th. Desjardins assumed coverage on Kinross Gold in a report on Friday, November 28th. They issued a “buy” rating for the company. Cormark cut Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Canadian Imperial Bank of Commerce set a $54.00 target price on Kinross Gold in a report on Wednesday, February 4th. Finally, UBS Group set a $43.00 price target on shares of Kinross Gold in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus price target of $34.81.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.