Tidal Investments LLC Raises Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Tidal Investments LLC grew its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 176.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,111 shares of the mining company's stock after purchasing an additional 85,043 shares during the quarter. Tidal Investments LLC's holdings in Kinross Gold were worth $1,234,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KGC. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its stake in 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. purchased a new stake in Kinross Gold during the fourth quarter valued at about $42,000. Global Retirement Partners LLC lifted its holdings in Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after purchasing an additional 5,140 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on KGC. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. BMO Capital Markets started coverage on Kinross Gold in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Scotiabank boosted 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 analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and a consensus target price of $14.50.

Kinross Gold Stock Down 0.4%

NYSE:KGC traded down $0.07 during trading hours on Friday, reaching $14.59. 5,585,333 shares of the company traded hands, compared to its average volume of 18,315,664. The business's 50-day moving average price is $13.91 and its two-hundred day moving average price is $11.70. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $17.95 billion, a P/E ratio of 18.95, a P/E/G ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a 1 year low of $7.20 and a 1 year high of $15.96.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released 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. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The firm's quarterly revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.82%. Kinross Gold's payout ratio is 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.