Voloridge Investment Management LLC Takes Position in Kinross Gold Co. (NYSE:KGC)

Voloridge Investment Management LLC bought a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,552,843 shares of the mining company's stock, valued at approximately $14,395,000. Voloridge Investment Management LLC owned approximately 0.13% of Kinross Gold as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KGC. Signaturefd LLC lifted its stake in Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock worth $381,000 after acquiring an additional 865 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Kinross Gold by 30.4% during 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 last quarter. TD Private Client Wealth LLC increased its holdings in shares of Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock valued at $423,000 after acquiring an additional 1,079 shares during the last quarter. Schechter Investment Advisors LLC grew its holdings in Kinross Gold by 2.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock valued at $367,000 after buying an additional 1,080 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in Kinross Gold by 4.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock valued at $219,000 after buying an additional 1,106 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Up 0.6%

NYSE KGC traded up $0.09 during trading hours on Thursday, hitting $14.85. 8,859,466 shares of the company traded hands, compared to its average volume of 18,284,333. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The business's 50-day moving average is $13.86 and its 200-day moving average is $11.66. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a twelve month low of $7.20 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The business's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Sell-side analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of research analyst reports. Raymond James raised their target price on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. Scotiabank lifted their price objective on 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 Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. BMO Capital Markets initiated coverage on Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $14.50.

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.