33,632 Shares in Kinross Gold Co. (NYSE:KGC) Purchased by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC bought a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 33,632 shares of the mining company's stock, valued at approximately $312,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC lifted its position in Kinross Gold by 30.4% in the fourth 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. bought a new position in Kinross Gold in the fourth quarter worth $42,000. Global Retirement Partners LLC lifted its position in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after purchasing an additional 4,788 shares during the period. Finally, Avior Wealth Management LLC lifted its position in Kinross Gold by 246.3% in 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 period. 63.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on KGC. BMO Capital Markets began coverage on Kinross Gold in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Raymond James increased their price objective on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $14.50.

Kinross Gold Price Performance

Shares of NYSE:KGC traded up $0.12 during midday trading on Friday, reaching $14.77. The company's stock had a trading volume of 18,063,903 shares, compared to its average volume of 18,381,367. Kinross Gold Co. has a fifty-two week low of $7.20 and a fifty-two week high of $15.96. The company has a market capitalization of $18.17 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The business's fifty day simple moving average is $13.96 and its 200-day simple moving average is $11.73.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $0.10 earnings per share. The firm's quarterly revenue was up 38.5% compared to the same quarter last year. As a group, equities research analysts expect that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be paid a $0.03 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. Kinross Gold's dividend payout ratio (DPR) 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.