Cadence Wealth Management LLC Boosts Stock Position in Kinross Gold Co. (NYSE:KGC)

Cadence Wealth Management LLC boosted its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,267 shares of the mining company’s stock after purchasing an additional 1,488 shares during the quarter. Kinross Gold makes up approximately 0.5% of Cadence Wealth Management LLC’s holdings, 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.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Kinross Gold during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC increased its holdings in Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in Kinross Gold during the 4th quarter worth approximately $92,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KGC has been the subject of several research reports. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday. CIBC lifted their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kinross Gold presently has an average rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Trading Up 3.3 %

NYSE:KGC opened at $12.01 on Tuesday. Kinross Gold Co. has a 12-month low of $5.44 and a 12-month high of $12.29. The firm has a market capitalization of $14.77 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.68 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The business has a 50 day simple moving average of $11.06 and a 200 day simple moving average of $10.18.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data 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 net margin of 18.43% and a return on equity of 12.65%. Equities research analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

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

Kinross Gold Company 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.