Kinross Gold Co. (NYSE:KGC) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 669.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,297 shares of the mining company’s stock after purchasing an additional 10,698 shares during the period. First Horizon Advisors Inc.’s holdings in Kinross Gold were worth $114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its stake in shares of Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after buying an additional 4,788 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares during the last quarter. Valley National Advisers Inc. purchased a new position in Kinross Gold in the 4th quarter worth approximately $92,000. OneDigital Investment Advisors LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $94,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Kinross Gold in the third quarter valued at approximately $95,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Trading Up 2.5 %

Shares of Kinross Gold stock opened at $11.07 on Thursday. The stock has a 50 day moving average of $10.61 and a 200 day moving average of $9.98. 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 firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.68 and a beta of 1.24. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. As a group, research analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current 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 dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold’s dividend payout ratio is presently 15.58%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KGC. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.63.

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.