Private Advisor Group LLC Has $115,000 Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Private Advisor Group LLC increased its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,238 shares of the mining company’s stock after acquiring an additional 981 shares during the period. Private Advisor Group LLC’s holdings in Kinross Gold were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Kinross Gold by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company’s stock worth $278,486,000 after acquiring an additional 497,531 shares in the last quarter. Boston Partners boosted its position in shares of Kinross Gold by 7.9% during the 1st quarter. Boston Partners now owns 18,226,824 shares of the mining company’s stock worth $111,730,000 after acquiring an additional 1,328,372 shares in the last quarter. Mackenzie Financial Corp boosted its position in Kinross Gold by 6.2% in the second quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company’s stock valued at $91,255,000 after buying an additional 643,013 shares in the last quarter. National Bank of Canada FI boosted its position in Kinross Gold by 31.2% in the second quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company’s stock valued at $78,946,000 after buying an additional 2,267,999 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Kinross Gold by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock valued at $72,867,000 after buying an additional 1,777,076 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages 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. Scotiabank raised their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group raised their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Kinross Gold Price Performance

KGC stock opened at $10.46 on Friday. The company has a fifty day moving average price of $9.74 and a 200-day moving average price of $8.71. The company has a market capitalization of $12.85 billion, a P/E ratio of 17.14, a PEG ratio of 0.50 and a beta of 1.22. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $10.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.52 and a current ratio of 1.61.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $0.12 earnings per share. Kinross Gold’s quarterly revenue was up 29.9% on a year-over-year basis. As a group, equities analysts expect that Kinross Gold Co. will post 0.66 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold’s dividend payout ratio is presently 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.