Kinross Gold Co. (NYSE:KGC) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC grew its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 246.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,227 shares of the mining company’s stock after purchasing an additional 5,140 shares during the period. Avior Wealth Management LLC’s holdings in Kinross Gold were worth $67,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KGC. Corundum Trust Company INC acquired a new position in shares of Kinross Gold in the third quarter valued at about $94,000. OneDigital Investment Advisors LLC acquired a new position in shares of Kinross Gold in the third quarter valued at about $94,000. EP Wealth Advisors LLC acquired a new stake in Kinross Gold during the third quarter worth about $95,000. Fiera Capital Corp acquired a new stake in Kinross Gold during the third quarter worth about $99,000. Finally, M&T Bank Corp acquired a new stake in Kinross Gold during the third quarter worth about $100,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on KGC shares. Jefferies Financial Group raised their target price on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $11.13.

Kinross Gold Stock Up 2.3 %

Shares of KGC opened at $11.12 on Thursday. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $11.31. The stock’s 50 day moving average is $9.93 and its two-hundred day moving average is $9.59. The firm has a market cap of $13.67 billion, a P/E ratio of 18.24, a PEG ratio of 0.90 and a beta of 1.21.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.12 earnings per share. Kinross Gold’s quarterly revenue was up 29.9% compared to the same quarter last year. Analysts predict that Kinross Gold Co. will post 0.72 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were given a $0.03 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. Kinross Gold’s dividend payout ratio (DPR) is presently 19.67%.

About Kinross Gold

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.