Kinross Gold Co. (NYSE:KGC) Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC increased its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,850 shares of the mining company’s stock after acquiring an additional 850 shares during the period. Capital Investment Advisors LLC’s holdings in Kinross Gold were worth $351,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Choreo LLC bought a new stake in shares of Kinross Gold during the fourth quarter valued at approximately $170,000. Strategic Financial Concepts LLC acquired a new position in shares of Kinross Gold during the fourth quarter valued at $250,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Kinross Gold by 104.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 118,197 shares of the mining company’s stock valued at $1,096,000 after purchasing an additional 60,470 shares in the last quarter. Stephens Inc. AR acquired a new stake in Kinross Gold in the fourth quarter worth about $613,000. Finally, Savant Capital LLC grew its position in Kinross Gold by 73.7% in the 4th quarter. Savant Capital LLC now owns 37,655 shares of the mining company’s stock valued at $349,000 after buying an additional 15,976 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $15.25 on Thursday. The company has a market capitalization of $18.71 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63. 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 fifty day moving average of $14.42 and a 200-day moving average of $12.04. Kinross Gold Co. has a one year low of $7.20 and a one year high of $15.96.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. Kinross Gold’s revenue for the quarter was up 38.5% compared to the same quarter last year. As a group, equities analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be given a $0.03 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.79%. Kinross Gold’s dividend payout ratio (DPR) is presently 12.24%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada boosted their target price on Kinross Gold from $14.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. National Bankshares restated an “outperform” rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Scotiabank boosted their price objective on Kinross Gold from $16.00 to $17.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and an average price target of $15.40.

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.