Stephens Inc. AR Purchases Shares of 66,098 Kinross Gold Co. (NYSE:KGC)

Stephens Inc. AR purchased a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 66,098 shares of the mining company’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC increased its stake in Kinross Gold by 246.3% during the 4th 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. purchased a new position in Kinross Gold during the 4th quarter worth $92,000. Corundum Trust Company INC purchased a new position in Kinross Gold during the 3rd quarter worth $94,000. OneDigital Investment Advisors LLC purchased a new position in Kinross Gold during the 3rd quarter worth $94,000. Finally, EP Wealth Advisors LLC purchased a new position in Kinross Gold during the 3rd quarter worth $95,000. Institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KGC. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. CIBC lifted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $11.27 on Friday. The company’s 50-day moving average is $10.36 and its 200 day moving average is $9.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The company has a market capitalization of $13.85 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 0.67 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 announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. On average, equities research analysts forecast that Kinross Gold Co. will post 0.73 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid 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 dividend payout ratio is currently 15.58%.

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.