FNY Investment Advisers LLC Acquires Shares of 75,000 Kinross Gold Corporation (NYSE:KGC)

FNY Investment Advisers LLC acquired a new stake in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 75,000 shares of the mining company's stock, valued at approximately $945,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KGC. Choreo LLC acquired a new stake in Kinross Gold in the 4th quarter valued at about $170,000. Savant Capital LLC grew its position in shares of Kinross Gold by 73.7% during the 4th quarter. Savant Capital LLC now owns 37,655 shares of the mining company's stock worth $349,000 after buying an additional 15,976 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Kinross Gold during the 4th quarter worth approximately $250,000. CIBC Asset Management Inc grew its position in shares of Kinross Gold by 13.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,846,119 shares of the mining company's stock worth $63,495,000 after buying an additional 795,607 shares during the period. Finally, Truist Financial Corp grew its position in shares of Kinross Gold by 48.2% during the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company's stock worth $2,800,000 after buying an additional 98,196 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Raymond James Financial lifted their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. CIBC reiterated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Finally, Scotiabank lifted their price target on shares of Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinross Gold has an average rating of "Buy" and a consensus price target of $15.40.

Kinross Gold Stock Down 0.5%

KGC traded down $0.08 during trading on Thursday, reaching $15.54. 22,054,034 shares of the stock were exchanged, compared to its average volume of 18,772,013. The stock has a market cap of $19.06 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 0.67 and a beta of 0.63. Kinross Gold Corporation has a twelve month low of $7.49 and a twelve month high of $15.96. The stock's 50 day moving average price is $14.74 and its two-hundred day moving average price is $12.24. 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 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. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The firm's revenue for the quarter was up 38.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Equities analysts expect 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. Investors of record on Thursday, May 29th were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.77%. Kinross Gold's 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.