Patriot Financial Group Insurance Agency LLC Takes $871,000 Position in Kinross Gold Co. (NYSE:KGC)

Patriot Financial Group Insurance Agency LLC bought a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 94,000 shares of the mining company’s stock, valued at approximately $871,000.

A number of other institutional investors have also recently added to or reduced their stakes in KGC. Avior Wealth Management LLC lifted 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. Corundum Trust Company INC acquired a new position in Kinross Gold during the 3rd quarter worth about $94,000. OneDigital Investment Advisors LLC bought a new stake in shares of Kinross Gold in the 3rd quarter valued at about $94,000. EP Wealth Advisors LLC acquired a new stake in shares of Kinross Gold in the third quarter valued at about $95,000. Finally, Fiera Capital Corp bought a new position in shares of Kinross Gold during the third quarter worth about $99,000. 63.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KGC shares. Jefferies Financial Group increased 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. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $11.13.

Kinross Gold Price Performance

Kinross Gold stock opened at $10.88 on Wednesday. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.90 and a beta of 1.21. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $10.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The stock’s 50 day moving average price is $9.92 and its two-hundred day moving average price is $9.58.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm earned $0.12 earnings per share. Kinross Gold’s revenue was up 29.9% on a year-over-year basis. On average, equities analysts predict that Kinross Gold Co. will post 0.72 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, November 27th. Kinross Gold’s 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.