Mariner LLC grew its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 41.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,711 shares of the mining company's stock after purchasing an additional 60,095 shares during the period. Mariner LLC's holdings in Kinross Gold were worth $1,907,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in KGC. Jones Financial Companies Lllp grew its position in 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 in the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after acquiring an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold during the fourth quarter worth about $42,000. Global Retirement Partners LLC increased 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 worth $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in 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 in the last quarter. Institutional investors own 63.69% of the company's stock.
Kinross Gold Trading Down 1.2 %
KGC traded down $0.18 during trading on Friday, hitting $14.49. 15,371,924 shares of the stock traded hands, compared to its average volume of 17,802,177. The firm has a market capitalization of $17.83 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. Kinross Gold Co. has a 12-month low of $6.42 and a 12-month high of $15.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The firm has a 50-day moving average of $12.43 and a 200 day moving average of $11.01.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Equities research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.
Kinross Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's payout ratio is 15.58%.
Analyst Ratings Changes
A number of brokerages have recently commented on KGC. Scotiabank reissued an "outperform" rating on shares of Kinross Gold in a report on Monday, April 14th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Wednesday. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Finally, CIBC lifted their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $13.30.
View Our Latest Stock Report on Kinross Gold
About Kinross Gold
(
Free Report)
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.
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