94,130 Shares in Kinross Gold Co. (NYSE:KGC) Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. acquired a new position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 94,130 shares of the mining company's stock, valued at approximately $873,000.

A number of other institutional investors also recently bought and sold shares of KGC. Jones Financial Companies Lllp grew its holdings in shares of Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after buying an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the 4th quarter valued at approximately $42,000. Global Retirement Partners LLC grew its stake in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. acquired a new stake in shares of Kinross Gold during the fourth quarter worth $92,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Price Performance

Shares of KGC stock traded up $0.29 during midday trading on Thursday, reaching $12.49. 15,444,670 shares of the company traded hands, compared to its average volume of 17,248,576. The firm's 50 day simple moving average is $11.32 and its two-hundred day simple moving average is $10.34. The firm has a market cap of $15.36 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. 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 1-year low of $5.71 and a 1-year high of $12.61.

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Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. On average, equities research analysts expect that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.96%. Kinross Gold's dividend payout ratio is presently 15.58%.

Wall Street Analyst Weigh In

KGC has been the topic of several recent research reports. CIBC boosted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $11.63.

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.