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

Sprott Inc. lifted its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,883,662 shares of the mining company’s stock after buying an additional 259,532 shares during the period. Kinross Gold accounts for approximately 1.6% of Sprott Inc.’s holdings, making the stock its 19th biggest position. Sprott Inc.’s holdings in Kinross Gold were worth $26,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after buying an additional 4,788 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Kinross Gold by 246.3% in the 4th 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 period. Valley National Advisers Inc. bought a new stake in Kinross Gold in the 4th quarter valued at about $92,000. OneDigital Investment Advisors LLC acquired a new position in Kinross Gold during the 3rd quarter valued at about $94,000. Finally, EP Wealth Advisors LLC bought a new position in Kinross Gold in the 3rd quarter worth about $95,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KGC. CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.63.

Kinross Gold Trading Down 2.3 %

Shares of NYSE:KGC opened at $10.80 on Wednesday. The company has a 50 day moving average of $10.57 and a 200-day moving average of $9.97. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm has a market cap of $13.27 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.68 and a beta of 1.24. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS 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%. As a group, analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.11%. 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.