Integrated Advisors Network LLC purchased a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 58,600 shares of the mining company's stock, valued at approximately $739,000.
Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew 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 purchasing an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of 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 acquiring an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold during the 4th quarter worth $42,000. Global Retirement Partners LLC lifted its holdings in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after acquiring an additional 4,788 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings 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 worth $71,000 after acquiring an additional 3,659 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
KGC has been the subject of a number of research analyst reports. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a report on Tuesday, May 13th. Royal Bank of Canada lifted their price objective on shares of 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 boosted 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 note on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Finally, 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. Three 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. Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of "Buy" and an average target price of $15.40.
Check Out Our Latest Research Report on KGC
Kinross Gold Trading Up 1.6%
Shares of NYSE:KGC traded up $0.26 during midday trading on Friday, hitting $15.79. 21,333,826 shares of the stock traded hands, compared to its average volume of 18,679,919. The stock has a market capitalization of $19.37 billion, a PE ratio of 20.50, a P/E/G ratio of 0.68 and a beta of 0.63. The business's 50 day moving average is $14.57 and its two-hundred day moving average is $12.14. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a one year low of $7.20 and a one year high of $15.96.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. As a group, research analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.
Kinross Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is 12.24%.
Kinross Gold Company Profile
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Free Report)
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.
Further Reading
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