Quadcap Wealth Management LLC Purchases Shares of 47,215 Kinross Gold Co. (NYSE:KGC)

Quadcap Wealth Management LLC purchased a new stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 47,215 shares of the mining company's stock, valued at approximately $438,000.

A number of other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp raised its stake in shares of Kinross Gold by 62.2% in 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 acquiring an additional 44,610,091 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after acquiring an additional 763,248 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after acquiring an additional 3,224,455 shares during the last quarter. Norges Bank bought a new position in shares of Kinross Gold in the fourth quarter worth about $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 worth $136,028,000 after acquiring an additional 1,398,225 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Trading Down 0.3%

Shares of NYSE KGC opened at $13.71 on Friday. Kinross Gold Co. has a fifty-two week low of $7.20 and a fifty-two week high of $15.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The firm has a market capitalization of $16.86 billion, a P/E ratio of 17.80, a P/E/G ratio of 0.68 and a beta of 0.64. The company's 50 day simple moving average is $13.44 and its 200 day simple moving average is $11.42.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $0.10 earnings per share. The business's quarterly revenue was up 38.5% on a year-over-year basis. On average, analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's payout ratio is presently 12.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KGC. Raymond James boosted their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank increased their price objective on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a report on Thursday, May 8th. BMO Capital Markets started coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, National Bankshares restated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $13.90.

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.

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