Ritholtz Wealth Management Acquires 20,161 Shares of Kinross Gold Co. (NYSE:KGC)

Ritholtz Wealth Management increased its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 10.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,301 shares of the mining company's stock after buying an additional 20,161 shares during the period. Ritholtz Wealth Management's holdings in Kinross Gold were worth $2,702,000 as of its most recent SEC filing.

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

Kinross Gold Stock Performance

NYSE:KGC opened at $15.79 on Monday. Kinross Gold Co. has a 1-year low of $7.20 and a 1-year high of $15.96. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 0.68 and a beta of 0.63. The company's 50-day moving average is $14.57 and its two-hundred day moving average is $12.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

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 the consensus estimate of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The firm's quarterly revenue was up 38.5% compared to the same quarter last year. Analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently disclosed 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 of this dividend was Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.76%. Kinross Gold's dividend payout ratio (DPR) is currently 12.24%.

Analyst Upgrades and Downgrades

KGC has been the subject of several research analyst reports. National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Raymond James increased their target price 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. CIBC reiterated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $15.40.

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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