Janney Montgomery Scott LLC Grows Holdings in Kinross Gold Corporation (NYSE:KGC)

Janney Montgomery Scott LLC raised its holdings in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 28.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,505 shares of the mining company's stock after purchasing an additional 22,354 shares during the period. Janney Montgomery Scott LLC's holdings in Kinross Gold were worth $1,267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock valued at $439,881,000 after acquiring an additional 763,248 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Kinross Gold by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after purchasing an additional 3,224,455 shares during the last quarter. Norges Bank acquired a new stake in shares of Kinross Gold during the fourth quarter worth $280,697,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after buying an additional 1,398,225 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Kinross Gold by 21.2% in the fourth quarter. Mackenzie Financial Corp now owns 13,951,818 shares of the mining company's stock valued at $129,435,000 after buying an additional 2,438,445 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Stock Up 0.4%

Shares of Kinross Gold stock traded up $0.06 on Wednesday, reaching $15.59. The stock had a trading volume of 11,173,167 shares, compared to its average volume of 18,759,281. The company has a 50 day moving average price of $14.89 and a 200 day moving average price of $12.60. The stock has a market capitalization of $19.12 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.64 and a beta of 0.63. The company has a quick ratio of 1.22, a current ratio of 2.83 and a debt-to-equity ratio of 0.17. Kinross Gold Corporation has a 1 year low of $7.84 and a 1 year high of $16.04.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released 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. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $0.10 EPS. The business's revenue for the quarter was up 38.5% on a year-over-year basis. As a group, equities research analysts forecast that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were issued a $0.03 dividend. 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%.

Wall Street Analyst Weigh In

KGC has been the topic of several research analyst reports. BMO Capital Markets initiated coverage on Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating 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. Royal Bank Of Canada increased 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 note on Wednesday, June 4th. Scotiabank raised their price objective on Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. Finally, Raymond James Financial raised shares of Kinross Gold to a "hold" rating and set a $15.00 price target for the company in a research report on Monday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $17.00.

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.