Wealth Enhancement Advisory Services LLC Purchases 2,200 Shares of Kinross Gold Co. (NYSE:KGC)

Wealth Enhancement Advisory Services LLC increased its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 9.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 25,708 shares of the mining company’s stock after purchasing an additional 2,200 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Kinross Gold were worth $241,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. First Eagle Investment Management LLC bought a new stake in Kinross Gold in the first quarter valued at approximately $23,907,000. Anthracite Investment Company Inc. increased its position in shares of Kinross Gold by 40.2% in the 1st quarter. Anthracite Investment Company Inc. now owns 140,241 shares of the mining company’s stock valued at $860,000 after buying an additional 40,241 shares in the last quarter. Te Ahumairangi Investment Management Ltd increased its position in shares of Kinross Gold by 9.8% in the 1st quarter. Te Ahumairangi Investment Management Ltd now owns 422,100 shares of the mining company’s stock valued at $2,592,000 after buying an additional 37,700 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Kinross Gold during the 1st quarter worth $3,199,000. Finally, Intech Investment Management LLC bought a new position in Kinross Gold during the first quarter worth about $202,000. Institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kinross Gold Trading Down 9.7 %

Shares of NYSE:KGC opened at $9.45 on Tuesday. Kinross Gold Co. has a 12-month low of $4.75 and a 12-month high of $10.82. The business has a 50 day moving average of $9.74 and a 200-day moving average of $8.74. The company has a quick ratio of 0.52, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The stock has a market cap of $11.61 billion, a PE ratio of 15.74, a P/E/G ratio of 0.51 and a beta of 1.22.

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 analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, equities research analysts forecast that Kinross Gold Co. will post 0.69 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold’s dividend payout ratio (DPR) is currently 19.67%.

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.