18,700 Shares in Kinross Gold Corporation (NYSE:KGC) Bought by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS acquired a new stake in Kinross Gold Corporation, purchasing 18,700 shares valued at approximately $236,000 in the first quarter.
• Kinross Gold reported earnings of $0.30 per share for the last quarter, exceeding analysts' expectations and showing a significant increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.03 per share, yielding 0.74%, with a payout ratio of 12.24%.

Caliber Wealth Management LLC KS purchased a new stake in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,700 shares of the mining company's stock, valued at approximately $236,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC raised its stake in shares of Kinross Gold by 3.1% during the 1st quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock worth $351,000 after buying an additional 850 shares in the last quarter. S.A. Mason LLC grew its holdings in shares of Kinross Gold by 6.0% in the 1st quarter. S.A. Mason LLC now owns 22,250 shares of the mining company's stock worth $281,000 after acquiring an additional 1,250 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of Kinross Gold by 12.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 11,273 shares of the mining company's stock worth $142,000 after acquiring an additional 1,250 shares during the period. Syon Capital LLC grew its holdings in shares of Kinross Gold by 2.3% in the 4th quarter. Syon Capital LLC now owns 57,022 shares of the mining company's stock worth $529,000 after acquiring an additional 1,284 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Kinross Gold by 39.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,339 shares of the mining company's stock worth $80,000 after acquiring an additional 1,787 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KGC shares. CIBC upped their price target on Kinross Gold from $16.00 to $21.00 and gave the stock an "outperformer" rating in a report on Tuesday, July 15th. Jefferies Financial Group upgraded Kinross Gold from a "hold" rating to a "buy" rating and upped their price target for the stock from $14.00 to $18.00 in a report on Thursday, June 26th. Royal Bank Of Canada upped their price target on Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Raymond James Financial upgraded Kinross Gold to a "hold" rating and set a $15.00 price target on the stock in a report on Monday, June 30th. Finally, Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $18.00.

Kinross Gold Price Performance

KGC stock traded down $0.31 on Wednesday, reaching $15.70. The company had a trading volume of 12,161,760 shares, compared to its average volume of 20,939,059. Kinross Gold Corporation has a 1 year low of $7.84 and a 1 year high of $16.52. The company has a market cap of $19.13 billion, a P/E ratio of 16.04, a PEG ratio of 0.55 and a beta of 0.63. The company's fifty day moving average is $15.42 and its 200 day moving average is $13.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 2.83.

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

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 29th. Kinross Gold's dividend payout ratio is presently 12.24%.

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.