Fiduciary Financial Group LLC Makes New Investment in Kinross Gold Co. (NYSE:KGC)

Fiduciary Financial Group LLC purchased a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,624 shares of the mining company's stock, valued at approximately $275,000.

Other institutional investors also recently added to or reduced their stakes in the company. Corundum Trust Company INC acquired a new stake in shares of Kinross Gold in the 3rd quarter valued at $94,000. OneDigital Investment Advisors LLC purchased a new position in Kinross Gold in the third quarter valued at $94,000. EP Wealth Advisors LLC acquired a new stake in Kinross Gold in the third quarter valued at $95,000. Fiera Capital Corp purchased a new stake in Kinross Gold during the 3rd quarter worth about $99,000. Finally, M&T Bank Corp acquired a new position in shares of Kinross Gold during the 3rd quarter worth about $100,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Performance

Shares of NYSE KGC traded down $0.42 during trading hours on Thursday, reaching $10.24. The stock had a trading volume of 24,867,772 shares, compared to its average volume of 21,886,115. The firm has a 50-day moving average of $9.78 and a 200-day moving average of $9.47. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.51 and a beta of 1.21. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $10.82.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company's revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. Equities research analysts predict that Kinross Gold Co. will post 0.72 earnings per share for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold's payout ratio is currently 19.67%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KGC. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. Jefferies Financial Group increased their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $11.13.

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.