D.A. Davidson & CO. Has $730,000 Position in Kinross Gold Corporation (NYSE:KGC)

D.A. Davidson & CO. grew its position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 278.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,911 shares of the mining company's stock after acquiring an additional 42,610 shares during the period. D.A. Davidson & CO.'s holdings in Kinross Gold were worth $730,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on KGC shares. CIBC restated an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, May 13th. Scotiabank raised their target price on shares of Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 8th. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Finally, Jefferies Financial Group upgraded shares of Kinross Gold from a "hold" rating to a "buy" rating and raised their target price for the stock from $14.00 to $18.00 in a research note on Thursday, June 26th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $17.00.

Kinross Gold Stock Performance

Kinross Gold stock traded up $0.13 during midday trading on Friday, hitting $15.47. The company's stock had a trading volume of 7,168,155 shares, compared to its average volume of 18,716,205. Kinross Gold Corporation has a 1-year low of $7.84 and a 1-year high of $16.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.83 and a quick ratio of 1.22. The company has a 50-day moving average price of $15.04 and a two-hundred day moving average price of $12.88. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.61 and a beta of 0.63.

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 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.43 billion. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The business's revenue was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS. As a group, sell-side analysts predict that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, May 29th. Kinross Gold's payout ratio is presently 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.