Kinross Gold Co. (NYSE:KGC) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New cut its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,710 shares of the mining company’s stock after selling 1,623 shares during the quarter. Cigna Investments Inc. New’s holdings in Kinross Gold were worth $201,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC increased its position in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the last quarter. Valley National Advisers Inc. acquired a new position in Kinross Gold in the 4th quarter valued at about $92,000. Corundum Trust Company INC purchased a new stake in shares of Kinross Gold in the 3rd quarter valued at approximately $94,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold during the 3rd quarter worth approximately $94,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Kinross Gold during the 3rd quarter valued at approximately $95,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $11.13.

Kinross Gold Price Performance

Kinross Gold stock opened at $12.07 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The company’s 50 day simple moving average is $10.25 and its 200-day simple moving average is $9.76. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $12.28.

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.