26,952 Shares in Kinross Gold Co. (NYSE:KGC) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 4th quarter, according to its most recent filing with the SEC. The fund bought 26,952 shares of the mining company's stock, valued at approximately $250,000.

Other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its holdings in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after acquiring an additional 5,140 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in Kinross Gold in the 4th quarter worth $92,000. OneDigital Investment Advisors LLC purchased a new stake in Kinross Gold in the 3rd quarter worth $94,000. EP Wealth Advisors LLC purchased a new stake in Kinross Gold in the 3rd quarter worth $95,000. Finally, Fiera Capital Corp purchased a new stake in Kinross Gold in the 3rd quarter worth $99,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on KGC. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $11.63.

Kinross Gold Trading Down 5.0 %

Shares of KGC traded down $0.58 during mid-day trading on Friday, reaching $10.97. The stock had a trading volume of 25,146,167 shares, compared to its average volume of 22,672,490. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $12.28. The business's fifty day moving average is $10.49 and its 200 day moving average is $9.90. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 0.67 and a beta of 1.24.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, sell-side analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.09%. Kinross Gold's payout ratio is currently 15.58%.

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.