Strategic Investment Advisors MI purchased a new position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 18,939 shares of the mining company's stock, valued at approximately $239,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake 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 in the last quarter. Mark Sheptoff Financial Planning LLC increased its stake 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC increased its stake in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after acquiring an additional 4,788 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake 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 in the last quarter. Institutional investors own 63.69% of the company's stock.
Kinross Gold Stock Down 6.3%
KGC traded down $1.00 during mid-day trading on Friday, reaching $14.86. 27,222,020 shares of the stock were exchanged, compared to its average volume of 18,776,483. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 2.83. The stock has a market capitalization of $18.22 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company has a 50 day moving average price of $14.86 and a two-hundred day moving average price of $12.54. 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 posted its quarterly earnings data 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. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS. As a group, research analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current year.
Kinross Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, May 29th. Kinross Gold's dividend payout ratio is 12.24%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Kinross Gold from a "hold" rating to a "buy" rating and lifted their price objective for the company from $14.00 to $18.00 in a research note on Thursday. 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. Scotiabank lifted their price target on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 8th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, CIBC reissued 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 assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $17.00.
Check Out Our Latest Stock Analysis on Kinross Gold
About Kinross Gold
(
Free Report)
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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