Entropy Technologies LP Increases Stock Position in Kinross Gold Co. (NYSE:KGC)

Entropy Technologies LP raised its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 267.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 494,590 shares of the mining company’s stock after buying an additional 360,100 shares during the period. Entropy Technologies LP’s holdings in Kinross Gold were worth $4,585,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after buying an additional 5,140 shares during the period. Valley National Advisers Inc. bought a new stake in shares of Kinross Gold in the fourth quarter worth approximately $92,000. Corundum Trust Company INC purchased a new position in shares of Kinross Gold in the third quarter worth approximately $94,000. OneDigital Investment Advisors LLC purchased a new position in shares of Kinross Gold in the third quarter worth approximately $94,000. Finally, EP Wealth Advisors LLC purchased a new position in Kinross Gold during the third quarter valued at approximately $95,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Trading Down 0.2 %

Shares of KGC opened at $11.89 on Friday. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $12.05. 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 firm’s fifty day moving average is $10.20 and its two-hundred day moving average is $9.73. The stock has a market cap of $14.61 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24.

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 report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and an average target price of $11.13.

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.