Capstone Investment Advisors LLC Acquires Shares of 82,734 Kinross Gold Co. (NYSE:KGC)

Capstone Investment Advisors LLC bought a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the third quarter, HoldingsChannel reports. The institutional investor bought 82,734 shares of the mining company’s stock, valued at approximately $774,000.

Other large investors have also made changes to their positions in the company. Atlas Capital Advisors LLC acquired a new stake in Kinross Gold in the second quarter worth about $40,000. Fifth Third Bancorp raised its stake in shares of Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after buying an additional 9,375 shares during the last quarter. Corundum Trust Company INC acquired a new position in Kinross Gold in the third quarter valued at approximately $94,000. OneDigital Investment Advisors LLC bought a new position in Kinross Gold in the third quarter valued at approximately $94,000. Finally, Fiera Capital Corp acquired a new stake in Kinross Gold during the 3rd quarter worth $99,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Jefferies Financial Group lifted 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. Scotiabank increased their price target 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, StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and an average target price of $11.13.

Kinross Gold Stock Down 1.5 %

KGC stock opened at $9.80 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The stock has a market capitalization of $12.04 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.44 and a beta of 1.22. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $10.82. The business has a 50-day moving average of $9.93 and a 200-day moving average of $8.99.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. On average, sell-side analysts anticipate that Kinross Gold Co. will post 0.7 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.22%. Kinross Gold’s dividend payout ratio is 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.