LPL Financial LLC Has $3.56 Million Stake in Kinross Gold Co. (NYSE:KGC)

LPL Financial LLC boosted its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 81.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 383,758 shares of the mining company's stock after purchasing an additional 172,266 shares during the quarter. LPL Financial LLC's holdings in Kinross Gold were worth $3,557,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Kinross Gold during the fourth quarter valued at about $42,000. Global Retirement Partners LLC grew its position in shares of Kinross Gold by 747.0% in the fourth 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 stake 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 worth $67,000 after purchasing an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. acquired a new position in shares of Kinross Gold during the 4th quarter worth about $92,000. Institutional investors own 63.69% of the company's stock.

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Kinross Gold Price Performance

NYSE KGC traded up $0.06 on Tuesday, reaching $14.56. The company's stock had a trading volume of 10,225,972 shares, compared to its average volume of 17,706,448. The firm has a market cap of $17.92 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 52 week low of $6.20 and a 52 week high of $14.80. The business has a 50-day moving average price of $11.89 and a 200 day moving average price of $10.69.

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

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.82%. Kinross Gold's payout ratio is presently 15.58%.

Analysts Set New Price Targets

Several brokerages have commented on KGC. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 4th. Scotiabank increased their price target on shares of Kinross Gold from $13.00 to $16.00 and gave the company a "sector outperform" rating in a report on Monday. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Raymond James increased their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $13.30.

About Kinross Gold

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.