473,078 Shares in Kinross Gold Co. (NYSE:KGC) Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC bought a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 473,078 shares of the mining company’s stock, valued at approximately $4,385,000.

A number of other hedge funds also recently modified their holdings of the stock. Private Advisor Group LLC raised its position in shares of Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after buying an additional 981 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Kinross Gold by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock valued at $447,000 after purchasing an additional 1,235 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Kinross Gold by 18.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock worth $119,000 after acquiring an additional 2,180 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Kinross Gold by 9.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock valued at $241,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Kinross Gold by 2.0% during the third quarter. Integrated Wealth Concepts LLC now owns 188,263 shares of the mining company’s stock valued at $1,762,000 after buying an additional 3,620 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

KGC stock opened at $10.31 on Monday. Kinross Gold Co. has a 1-year low of $4.75 and a 1-year high of $10.82. The business has a 50-day moving average price of $9.78 and a 200 day moving average price of $9.50. The company has a market capitalization of $12.67 billion, a P/E ratio of 16.89, a PEG ratio of 0.51 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, equities research analysts forecast that Kinross Gold Co. will post 0.72 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Wednesday, November 27th. Kinross Gold’s payout ratio is 19.67%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. Jefferies Financial Group upped their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and a consensus price target of $11.13.

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.