Cetera Investment Advisers Increases Stake in Kinross Gold Co. (NYSE:KGC)

Cetera Investment Advisers lifted its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 13.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,680 shares of the mining company’s stock after purchasing an additional 9,194 shares during the period. Cetera Investment Advisers’ holdings in Kinross Gold were worth $739,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake 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 buying an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC grew its holdings in Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after acquiring an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the fourth quarter valued at about $42,000. Global Retirement Partners LLC raised its stake in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after acquiring an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Trading Up 1.6%

KGC opened at $14.72 on Monday. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 52 week low of $7.20 and a 52 week high of $15.96. The stock has a market cap of $18.11 billion, a PE ratio of 19.11, a PEG ratio of 0.68 and a beta of 0.64. The business has a 50 day moving average of $13.72 and a 200-day moving average of $11.59.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was up 38.5% on a year-over-year basis. Equities research analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.82%. Kinross Gold’s dividend payout ratio (DPR) is currently 12.24%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KGC. BMO Capital Markets assumed coverage on Kinross Gold in a report on Wednesday, April 16th. They set an “outperform” rating on the stock. Raymond James boosted their target price on Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 4th. National Bankshares restated an “outperform” rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Wall Street Zen raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 18th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $14.50.

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.