Kinross Gold Corporation (NYSE:KGC) Shares Bought by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC boosted its stake in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 23.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,845 shares of the mining company's stock after acquiring an additional 18,983 shares during the period. Dynasty Wealth Management LLC's holdings in Kinross Gold were worth $1,272,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC grew its holdings in shares of Kinross Gold by 3.1% during the first quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock valued at $351,000 after purchasing an additional 850 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock worth $381,000 after purchasing an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after buying an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC increased its position in Kinross Gold by 2.4% in the fourth quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after buying an additional 1,079 shares during the period. Finally, S.A. Mason LLC increased its position in Kinross Gold by 6.0% in the first quarter. S.A. Mason LLC now owns 22,250 shares of the mining company's stock worth $281,000 after buying an additional 1,250 shares during the period. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Price Performance

KGC traded down $0.14 on Friday, reaching $15.29. The company had a trading volume of 14,167,468 shares, compared to its average volume of 18,660,155. The company has a market capitalization of $18.76 billion, a P/E ratio of 15.60, a PEG ratio of 0.60 and a beta of 0.63. The company has a current ratio of 2.83, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $15.11 and a 200-day moving average of $13.09. Kinross Gold Corporation has a one year low of $7.84 and a one year high of $16.10.

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 net margin of 21.74% and a return on equity of 15.63%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $0.10 EPS. The business's revenue for the quarter was up 38.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company 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 yield of 0.78%. The ex-dividend date was Thursday, May 29th. Kinross Gold's payout ratio is currently 12.24%.

Analysts Set New Price Targets

KGC has been the subject of several analyst reports. BMO Capital Markets started coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Jefferies Financial Group raised shares of Kinross Gold from a "hold" rating to a "buy" rating and boosted their target price for the company from $14.00 to $18.00 in a research note on Thursday, June 26th. Royal Bank Of Canada upped their target price on shares of Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Finally, CIBC boosted their price objective on Kinross Gold from $16.00 to $21.00 and gave the stock an "outperformer" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $18.00.

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.