Vanguard Capital Wealth Advisors Purchases Shares of 17,015 Kinross Gold Co. (NYSE:KGC)

Vanguard Capital Wealth Advisors bought a new position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,015 shares of the mining company's stock, valued at approximately $215,000.

A number of other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Kinross Gold by 62.2% during the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after purchasing an additional 44,610,091 shares in the last quarter. Vanguard Group Inc. raised its holdings in Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock valued at $439,881,000 after acquiring an additional 763,248 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after acquiring an additional 3,224,455 shares in the last quarter. Norges Bank acquired a new stake in Kinross Gold in the fourth quarter valued at $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Kinross Gold by 10.5% in the fourth 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 acquiring an additional 1,398,225 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets began coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Raymond James boosted their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada boosted their target price on shares of Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a research note on Wednesday. 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. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $15.40.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded down $0.36 during trading on Friday, hitting $15.10. 22,388,556 shares of the stock were exchanged, compared to its average volume of 18,539,516. The stock's fifty day moving average is $14.26 and its 200 day moving average is $11.94. The stock has a market cap of $18.52 billion, a PE ratio of 19.61, a P/E/G ratio of 0.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. Kinross Gold Co. has a 12 month low of $7.20 and a 12 month high of $15.96.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS 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 analyst estimates of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The company's quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, sell-side analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, May 29th. Kinross Gold's payout ratio is currently 12.24%.

Kinross Gold 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.