Kinross Gold Co. (NYSE:KGC) Shares Bought by Cadence Wealth Management LLC

Cadence Wealth Management LLC grew its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 84,267 shares of the mining company’s stock after buying an additional 1,488 shares during the period. Kinross Gold makes up about 0.5% of Cadence Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Cadence Wealth Management LLC’s holdings in Kinross Gold were worth $781,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after acquiring an additional 865 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Kinross Gold during the 4th quarter worth $873,000. Natixis Advisors LLC raised its stake in shares of Kinross Gold by 40.2% in the 4th quarter. Natixis Advisors LLC now owns 140,431 shares of the mining company’s stock worth $1,302,000 after buying an additional 40,250 shares in the last quarter. Catalyst Funds Management Pty Ltd raised its stake in shares of Kinross Gold by 8.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 109,600 shares of the mining company’s stock worth $1,016,000 after buying an additional 8,100 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Kinross Gold by 80.9% in the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock worth $116,898,000 after buying an additional 5,639,383 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Up 3.3 %

Shares of Kinross Gold stock opened at $12.01 on Tuesday. The stock’s fifty day moving average is $11.06 and its 200-day moving average is $10.18. The firm has a market capitalization of $14.77 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 12-month low of $5.44 and a 12-month high of $12.29.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results 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 return on equity of 12.65% and a net margin of 18.43%. Equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of research reports. CIBC boosted their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $11.63.

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.