Fiera Capital Corp Buys New Position in Kinross Gold Co. (NYSE:KGC)

Fiera Capital Corp purchased a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the third quarter, Holdings Channel reports. The institutional investor purchased 10,526 shares of the mining company’s stock, valued at approximately $99,000.

Several other institutional investors have also modified their holdings of the company. Private Advisor Group LLC grew its position in shares of Kinross Gold by 8.7% in the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after buying an additional 981 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Kinross Gold by 2.7% in the 3rd 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 in the last quarter. Cetera Advisors LLC lifted its stake in Kinross Gold by 10.1% in the 1st quarter. Cetera Advisors LLC now owns 19,873 shares of the mining company’s stock valued at $122,000 after buying an additional 1,828 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Kinross Gold by 18.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock worth $119,000 after purchasing an additional 2,180 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Kinross Gold by 9.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock worth $241,000 after acquiring an additional 2,200 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Jefferies Financial Group increased their target price on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Scotiabank lifted their price target on Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Kinross Gold Trading Down 2.1 %

NYSE KGC opened at $10.47 on Monday. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.52 and a current ratio of 1.61. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.51 and a beta of 1.22. The firm’s 50 day moving average price is $9.74 and its two-hundred day moving average price is $8.72.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. Equities analysts anticipate that Kinross Gold Co. will post 0.69 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Kinross Gold’s payout ratio is 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.