Kinross Gold Co. (NYSE:KGC) Stock Holdings Lifted by Tacita Capital Inc

Tacita Capital Inc raised its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 61,009 shares of the mining company’s stock after buying an additional 3,668 shares during the quarter. Tacita Capital Inc’s holdings in Kinross Gold were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in Kinross Gold by 8.7% in the third quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after purchasing an additional 981 shares in the last quarter. Schechter Investment Advisors LLC lifted its position in shares of Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after buying an additional 1,080 shares during the last quarter. Atomi Financial Group Inc. lifted its position in shares of Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after buying an additional 1,106 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Kinross Gold by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock worth $447,000 after buying an additional 1,235 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after buying an additional 1,412 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Price Performance

NYSE KGC opened at $10.75 on Tuesday. Kinross Gold Co. has a twelve month low of $5.14 and a twelve month high of $12.28. 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 market capitalization of $13.21 billion, a PE ratio of 13.96, a P/E/G ratio of 0.68 and a beta of 1.24. The stock has a 50-day simple moving average of $10.70 and a 200 day simple moving average of $10.02.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.12%. Kinross Gold’s dividend payout ratio (DPR) is 15.58%.

Analyst Ratings Changes

KGC has been the subject of a number of analyst reports. CIBC boosted their price target 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 cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.63.

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.