Raymond James Financial Inc. Acquires New Shares in Kinross Gold Co. (NYSE:KGC)

Raymond James Financial Inc. bought a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 738,084 shares of the mining company's stock, valued at approximately $6,842,000. Raymond James Financial Inc. owned approximately 0.06% of Kinross Gold as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Aigen Investment Management LP bought a new stake in Kinross Gold during the 4th quarter valued at approximately $141,000. Atria Investments Inc bought a new stake in shares of Kinross Gold in the fourth quarter worth about $139,000. Tacita Capital Inc lifted its position in shares of Kinross Gold by 6.4% in the fourth quarter. Tacita Capital Inc now owns 61,009 shares of the mining company's stock worth $565,000 after buying an additional 3,668 shares in the last quarter. Schechter Investment Advisors LLC boosted its stake in Kinross Gold by 2.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock valued at $367,000 after buying an additional 1,080 shares during the last quarter. Finally, DJE Kapital AG purchased a new position in Kinross Gold during the 4th quarter valued at approximately $3,723,000. Institutional investors own 63.69% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KGC. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com cut shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and an average target price of $11.63.

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Kinross Gold Trading Up 2.3 %

NYSE KGC traded up $0.29 during trading on Thursday, hitting $12.49. The stock had a trading volume of 15,444,588 shares, compared to its average volume of 21,742,316. The stock has a 50 day simple moving average of $11.32 and a 200 day simple moving average of $10.34. Kinross Gold Co. has a one year low of $5.93 and a one year high of $12.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS 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%. Sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

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

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.