Cambridge Investment Research Advisors Inc. Has $1.65 Million Holdings in Kinross Gold Corporation (NYSE:KGC)

Cambridge Investment Research Advisors Inc. grew its stake in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 18.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,730 shares of the mining company's stock after buying an additional 19,987 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Kinross Gold were worth $1,649,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after acquiring an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Kinross Gold during the fourth quarter valued at $42,000. Farther Finance Advisors LLC boosted its position in Kinross Gold by 188.6% during the first quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after acquiring an additional 3,659 shares during the last quarter. Finally, Bruce G. Allen Investments LLC boosted its position in Kinross Gold by 68.6% during the first quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock valued at $79,000 after acquiring an additional 2,561 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Up 1.7%

Shares of NYSE KGC traded up $0.27 during trading on Friday, hitting $15.84. 12,114,985 shares of the company traded hands, compared to its average volume of 18,793,998. The business's fifty day moving average is $14.97 and its 200 day moving average is $12.73. Kinross Gold Corporation has a fifty-two week low of $7.84 and a fifty-two week high of $16.04. The firm has a market capitalization of $19.43 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 0.65 and a beta of 0.63. 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 announced its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business's quarterly revenue was up 38.5% compared to the same quarter last year. Equities research analysts predict that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors 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 dividend yield of 0.76%. Kinross Gold's dividend payout ratio is presently 12.24%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KGC. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, June 24th. Raymond James Financial raised shares of Kinross Gold to a "hold" rating and set a $15.00 price target on the stock in a research report on Monday, June 30th. Wall Street Zen raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. BMO Capital Markets began coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Kinross Gold presently has an average rating of "Buy" and a consensus price target of $17.00.

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.