R Squared Ltd Acquires Shares of 15,370 Kinross Gold Co. (NYSE:KGC)

R Squared Ltd bought a new position 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 Securities and Exchange Commission. The firm bought 15,370 shares of the mining company’s stock, valued at approximately $142,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Avior Wealth Management LLC lifted its position in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after acquiring an additional 5,140 shares during the last quarter. Corundum Trust Company INC acquired a new position in Kinross Gold in the 3rd quarter valued at $94,000. OneDigital Investment Advisors LLC bought a new position in Kinross Gold during the 3rd quarter worth $94,000. EP Wealth Advisors LLC acquired a new stake in shares of Kinross Gold during the third quarter worth $95,000. Finally, Fiera Capital Corp bought a new stake in shares of Kinross Gold in the third quarter valued at about $99,000. Institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and an average target price of $11.13.

Kinross Gold Stock Performance

Shares of NYSE:KGC opened at $11.12 on Thursday. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $11.31. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The company’s 50 day simple moving average is $9.93 and its 200 day simple moving average is $9.59.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. Kinross Gold’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, research analysts predict that Kinross Gold Co. will post 0.72 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s dividend payout ratio (DPR) 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.