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

Cigna Investments Inc. New lessened its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,710 shares of the mining company’s stock after selling 1,623 shares during the period. Cigna Investments Inc. New’s holdings in Kinross Gold were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC increased its position in shares of Kinross Gold by 246.3% in the fourth 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 in the last quarter. Valley National Advisers Inc. purchased a new stake in Kinross Gold in the 4th quarter worth $92,000. Corundum Trust Company INC acquired a new position in Kinross Gold during the third quarter worth $94,000. OneDigital Investment Advisors LLC acquired a new position in Kinross Gold during the third quarter worth $94,000. Finally, EP Wealth Advisors LLC purchased a new position in Kinross Gold during the third quarter valued at $95,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $11.13.

Kinross Gold Price Performance

Kinross Gold stock opened at $12.07 on Wednesday. The company has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $9.76. 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 has a market capitalization of $14.83 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.67 and a beta of 1.24. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $12.28.

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.