Fiduciary Family Office LLC Invests $201,000 in Kinross Gold Co. (NYSE:KGC)

Fiduciary Family Office LLC bought a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 21,708 shares of the mining company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in Kinross Gold by 60.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 265,650 shares of the mining company’s stock valued at $2,210,000 after purchasing an additional 99,812 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Kinross Gold by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock valued at $72,867,000 after purchasing an additional 1,777,076 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Kinross Gold by 11.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,348 shares of the mining company’s stock valued at $410,000 after purchasing an additional 5,232 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Kinross Gold during the 2nd quarter valued at approximately $7,650,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Kinross Gold during the second quarter worth approximately $190,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KGC has been the topic of several recent analyst reports. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Jefferies Financial Group lifted their price target on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kinross Gold currently has an average rating of “Buy” and an average price target of $11.13.

Kinross Gold Trading Down 0.0 %

Kinross Gold stock opened at $10.64 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $10.82. The firm’s 50-day moving average is $9.85 and its 200-day moving average is $9.54. The company has a market cap of $13.07 billion, a P/E ratio of 17.43, a PEG ratio of 0.90 and a beta of 1.21.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. Kinross Gold’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, equities analysts expect that Kinross Gold Co. will post 0.72 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s dividend payout ratio is presently 19.67%.

Kinross Gold 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.