Vanguard Capital Wealth Advisors Invests $215,000 in Kinross Gold Co. (NYSE:KGC)

Vanguard Capital Wealth Advisors acquired a new stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,015 shares of the mining company's stock, valued at approximately $215,000.

A number of other large investors have also bought and sold shares of KGC. Janney Montgomery Scott LLC raised its stake in Kinross Gold by 127.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 78,151 shares of the mining company's stock worth $724,000 after purchasing an additional 43,814 shares in the last quarter. Choreo LLC purchased a new position in Kinross Gold during the 4th quarter worth $170,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kinross Gold during the 4th quarter worth approximately $250,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Kinross Gold by 104.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 118,197 shares of the mining company's stock worth $1,096,000 after purchasing an additional 60,470 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in Kinross Gold by 267.8% in the 4th quarter. Entropy Technologies LP now owns 494,590 shares of the mining company's stock worth $4,585,000 after buying an additional 360,100 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Price Performance

NYSE:KGC traded down $0.26 during mid-day trading on Tuesday, reaching $14.82. 18,800,356 shares of the stock were exchanged, compared to its average volume of 18,560,420. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. 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 $18.18 billion, a PE ratio of 19.24, a PEG ratio of 0.68 and a beta of 0.63. The business has a fifty day moving average price of $14.35 and a 200 day moving average price of $12.02.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $0.10 EPS. The business's revenue was up 38.5% on a year-over-year basis. Research analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio is presently 12.24%.

Analysts Set New Price Targets

A number of research firms have weighed in on KGC. Scotiabank upped their target price on Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 8th. BMO Capital Markets assumed coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. National Bankshares restated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. CIBC reissued an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Three 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's stock. According to MarketBeat, Kinross Gold presently has a consensus 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.