Sequoia Financial Advisors LLC Acquires 6,422 Shares of Kinross Gold Co. (NYSE:KGC)

Sequoia Financial Advisors LLC boosted its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 21.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,435 shares of the mining company’s stock after purchasing an additional 6,422 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kinross Gold were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. 180 Wealth Advisors LLC boosted its holdings in Kinross Gold by 6.0% during the fourth quarter. 180 Wealth Advisors LLC now owns 38,057 shares of the mining company’s stock valued at $225,000 after purchasing an additional 2,157 shares in the last quarter. Townsquare Capital LLC grew its position in Kinross Gold by 19.1% in the third quarter. Townsquare Capital LLC now owns 14,258 shares of the mining company’s stock valued at $65,000 after acquiring an additional 2,290 shares during the period. Advisor Partners II LLC raised its stake in Kinross Gold by 3.1% during the first quarter. Advisor Partners II LLC now owns 76,554 shares of the mining company’s stock worth $361,000 after acquiring an additional 2,305 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Kinross Gold by 6.6% during the first quarter. First Trust Advisors LP now owns 38,262 shares of the mining company’s stock valued at $180,000 after acquiring an additional 2,377 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Kinross Gold by 19.7% in the 1st quarter. Neuberger Berman Group LLC now owns 14,458 shares of the mining company’s stock valued at $85,000 after purchasing an additional 2,383 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Up 4.0 %

Shares of NYSE:KGC opened at $6.77 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.25 and a beta of 1.15. The company has a 50 day moving average of $5.67 and a 200-day moving average of $5.58. Kinross Gold Co. has a one year low of $4.32 and a one year high of $6.82.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. On average, sell-side analysts forecast that Kinross Gold Co. will post 0.36 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.77%. Kinross Gold’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Kinross Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $5.00 target price for the company. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. CIBC lifted their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. TheStreet lowered Kinross Gold from a “b” rating to a “c+” rating in a research report on Friday, February 16th. Finally, StockNews.com upgraded Kinross Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus target price of $6.28.

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.