82,734 Shares in Kinross Gold Co. (NYSE:KGC) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 82,734 shares of the mining company's stock, valued at approximately $774,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC purchased a new stake in shares of Kinross Gold in the second quarter worth approximately $40,000. Fifth Third Bancorp increased its stake in Kinross Gold by 3,524.4% in the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock valued at $80,000 after buying an additional 9,375 shares during the period. Corundum Trust Company INC purchased a new stake in Kinross Gold in the 3rd quarter worth approximately $94,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold during the 3rd quarter valued at $94,000. Finally, Fiera Capital Corp acquired a new stake in shares of Kinross Gold during the 3rd quarter valued at $99,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, October 4th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. Finally, Scotiabank raised their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $11.13.

Kinross Gold Stock Performance

KGC stock traded down $0.09 during trading on Friday, reaching $9.71. 11,541,763 shares of the stock were exchanged, compared to its average volume of 15,510,181. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $11.93 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.44 and a beta of 1.22. The stock has a 50 day simple moving average of $9.93 and a 200-day simple moving average of $8.99.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business's revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, sell-side analysts anticipate that Kinross Gold Co. will post 0.7 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. Kinross Gold's dividend payout ratio is presently 19.67%.

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.