Atria Investments Inc Takes Position in Kinross Gold Co. (NYSE:KGC)

Atria Investments Inc acquired a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,955 shares of the mining company’s stock, valued at approximately $139,000.

Several other hedge funds have also recently bought and sold shares of the stock. Schechter Investment Advisors LLC increased its holdings in shares of Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after purchasing an additional 1,080 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after acquiring an additional 1,106 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,412 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Kinross Gold by 9.6% in the fourth quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock worth $219,000 after acquiring an additional 2,060 shares during the last quarter. Finally, Louisbourg Investments Inc. raised its holdings in Kinross Gold by 1.0% in the 4th quarter. Louisbourg Investments Inc. now owns 282,500 shares of the mining company’s stock valued at $2,622,000 after buying an additional 2,700 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KGC. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, March 14th. CIBC raised their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Stock Up 1.5 %

Shares of KGC opened at $12.21 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold Co. has a 1 year low of $5.44 and a 1 year high of $12.32. The stock has a 50 day simple moving average of $11.14 and a two-hundred day simple moving average of $10.21. The firm has a market cap of $15.00 billion, a P/E ratio of 15.85, a P/E/G ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. On average, analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) 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.