Kinross Gold Corporation $KGC Stock Holdings Increased by Atria Investments Inc

Atria Investments Inc lifted its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 14.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,660 shares of the mining company’s stock after purchasing an additional 2,076 shares during the quarter. Atria Investments Inc’s holdings in Kinross Gold were worth $260,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Banque Cantonale Vaudoise bought a new position in Kinross Gold in the 1st quarter valued at about $55,000. IFP Advisors Inc boosted its holdings in shares of Kinross Gold by 19.1% in the second quarter. IFP Advisors Inc now owns 5,210 shares of the mining company’s stock valued at $81,000 after acquiring an additional 835 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Kinross Gold during the first quarter valued at approximately $77,000. SBI Securities Co. Ltd. raised its holdings in Kinross Gold by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 6,339 shares of the mining company’s stock worth $80,000 after purchasing an additional 1,787 shares in the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Kinross Gold during the 1st quarter valued at $84,000. 63.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KGC shares. Raymond James Financial upped their price objective on Kinross Gold from $20.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 10th. Scotiabank reissued an “outperform” rating on shares of Kinross Gold in a research note on Thursday, October 23rd. Zacks Research upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. CIBC upped their target price on Kinross Gold from $22.00 to $36.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Finally, Canaccord Genuity Group increased their price target on Kinross Gold from $28.00 to $29.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Kinross Gold has an average rating of “Buy” and a consensus price target of $27.56.

Kinross Gold Stock Up 2.8%

NYSE:KGC opened at $26.06 on Thursday. The business’s fifty day moving average price is $24.06 and its 200 day moving average price is $18.99. The firm has a market capitalization of $31.53 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.42 and a beta of 0.61. The company has a current ratio of 2.84, a quick ratio of 1.45 and a debt-to-equity ratio of 0.16. Kinross Gold Corporation has a 1-year low of $8.99 and a 1-year high of $27.84.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Tuesday, November 4th. The mining company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Kinross Gold had a return on equity of 20.04% and a net margin of 25.18%.The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. On average, sell-side analysts forecast that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. Kinross Gold’s payout ratio is 9.79%.

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.