Kinross Gold Corporation (NYSE:KGC) Shares Acquired by Cambridge Investment Research Advisors Inc.

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

Several other institutional investors have also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its position in 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 in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of 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. acquired a new stake in shares of Kinross Gold during the fourth quarter valued at $42,000. Farther Finance Advisors LLC increased its position in 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 purchasing an additional 3,659 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its stake in Kinross Gold by 68.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock valued at $79,000 after purchasing an additional 2,561 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Price Performance

KGC stock opened at $15.57 on Thursday. The company has a market cap of $19.10 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 0.64 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 stock has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $12.62. Kinross Gold Corporation has a 12-month low of $7.84 and a 12-month high of $16.04.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) 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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $0.10 EPS. The company's revenue was up 38.5% on a year-over-year basis. As a group, research analysts predict that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.77%. Kinross Gold's dividend payout ratio is currently 12.24%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KGC shares. CIBC restated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, June 24th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Jefferies Financial Group upgraded Kinross Gold from a "hold" rating to a "buy" rating and lifted their price target for the company from $14.00 to $18.00 in a report on Thursday, June 26th. Finally, Scotiabank upped their price objective on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. 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. According to MarketBeat, Kinross Gold currently has an average rating of "Buy" and an average target price of $17.00.

Kinross Gold Company 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.

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