21,309 Shares in Kinross Gold Corporation (NYSE:KGC) Bought by Rossby Financial LCC

Rossby Financial LCC acquired a new stake in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,309 shares of the mining company's stock, valued at approximately $269,000.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the 4th quarter worth approximately $42,000. Farther Finance Advisors LLC increased its position in shares of Kinross Gold by 188.6% during the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after purchasing an additional 3,659 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in Kinross Gold by 68.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock valued at $79,000 after buying an additional 2,561 shares during the period. Institutional investors own 63.69% of the company's stock.

Wall Street Analyst Weigh In

KGC has been the subject of several recent analyst reports. Wall Street Zen raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets started coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. Raymond James Financial raised shares of Kinross Gold to a "hold" rating and set a $15.00 price objective for the company in a research note on Monday. Finally, National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $17.00.

Kinross Gold Trading Up 0.3%

KGC stock opened at $15.57 on Thursday. Kinross Gold Corporation has a 12 month low of $7.84 and a 12 month high of $16.04. The firm's 50-day moving average is $14.92 and its 200 day moving average is $12.62. The company has a market capitalization of $19.10 billion, a PE ratio of 15.89, a P/E/G ratio of 0.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.83 and a quick ratio of 1.22.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. On average, research analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 29th. Kinross Gold's dividend payout ratio is 12.24%.

About Kinross Gold

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.