Fiduciary Family Office LLC Invests $201,000 in Kinross Gold Co. (NYSE:KGC)

Fiduciary Family Office LLC purchased a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 21,708 shares of the mining company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 5,140 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Kinross Gold by 127.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 78,151 shares of the mining company’s stock worth $724,000 after purchasing an additional 43,814 shares in the last quarter. SG Americas Securities LLC lifted its stake in Kinross Gold by 26.1% during the fourth quarter. SG Americas Securities LLC now owns 182,991 shares of the mining company’s stock valued at $1,696,000 after buying an additional 37,831 shares in the last quarter. Atomi Financial Group Inc. boosted 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 buying an additional 1,106 shares during the period. Finally, Royal Fund Management LLC acquired a new stake in shares of Kinross Gold during the fourth quarter valued at approximately $162,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Kinross Gold Price Performance

KGC opened at $10.64 on Thursday. The stock has a fifty day moving average price of $9.85 and a 200 day moving average price of $9.54. 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 1 year low of $4.75 and a 1 year high of $10.82. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.90 and a beta of 1.21.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. Analysts forecast that Kinross Gold Co. will post 0.72 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s dividend payout ratio is currently 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.