Raymond James Financial Inc. Makes New $6.84 Million Investment in Kinross Gold Co. (NYSE:KGC)

Raymond James Financial Inc. acquired a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock valued at $381,000 after purchasing an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC increased its stake in shares of Kinross Gold by 30.4% in 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. TD Private Client Wealth LLC boosted its stake in Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after acquiring an additional 1,079 shares during the last quarter. Schechter Investment Advisors LLC lifted its holdings in shares of Kinross Gold by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock valued at $367,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock valued at $219,000 after buying an additional 1,106 shares during the period. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Trading Down 1.7 %

Shares of KGC stock traded down $0.26 during mid-day trading on Tuesday, reaching $14.53. The stock had a trading volume of 2,373,090 shares, compared to its average volume of 17,752,994. The stock's 50-day moving average price is $12.50 and its two-hundred day moving average price is $11.05. Kinross Gold Co. has a 52-week low of $6.42 and a 52-week high of $15.46. The firm has a market capitalization of $17.87 billion, a PE ratio of 18.84, 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 (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results 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 return on equity of 12.65% and a net margin of 18.43%. Equities analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared 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 yield of 0.83%. Kinross Gold's dividend payout ratio is presently 15.58%.

Analysts Set New Price Targets

Several research analysts have recently commented on KGC shares. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Scotiabank reaffirmed 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. BMO Capital Markets began coverage on Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, CIBC increased their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and a consensus target price of $13.30.

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.