Stephens Inc. AR Invests $613,000 in Kinross Gold Co. (NYSE:KGC)

Stephens Inc. AR bought a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 66,098 shares of the mining company's stock, valued at approximately $613,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its holdings in shares of Kinross Gold by 246.3% during 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. Valley National Advisers Inc. bought a new position in shares of Kinross Gold during the fourth quarter valued at $92,000. Corundum Trust Company INC bought a new position in shares of Kinross Gold during the third quarter valued at $94,000. OneDigital Investment Advisors LLC bought a new position in shares of Kinross Gold during the third quarter valued at $94,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Kinross Gold during the third quarter valued at $95,000. 63.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. CIBC upped their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kinross Gold has a consensus rating of "Buy" and an average target price of $11.63.

Kinross Gold Stock Performance

KGC traded down $0.06 during midday trading on Tuesday, reaching $11.22. The company had a trading volume of 10,668,685 shares, compared to its average volume of 21,826,689. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $10.42 and a two-hundred day moving average of $9.86. The company has a market cap of $13.78 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.67 and a beta of 1.24. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $12.28.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued 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 11.49% and a net margin of 15.23%. As a group, equities research analysts predict that Kinross Gold Co. will post 0.73 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold's payout ratio is 19.67%.

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.