BXM Wealth LLC Makes New Investment in Kinross Gold Co. (NYSE:KGC)

BXM Wealth LLC acquired a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,350 shares of the mining company’s stock, valued at approximately $179,000.

Several other hedge funds also recently modified their holdings of KGC. Creative Planning grew its holdings in Kinross Gold by 12.0% during the 3rd quarter. Creative Planning now owns 71,945 shares of the mining company’s stock worth $673,000 after acquiring an additional 7,689 shares during the period. One Wealth Advisors LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth about $127,000. Blue Trust Inc. increased its stake in shares of Kinross Gold by 88.5% during the 3rd quarter. Blue Trust Inc. now owns 21,351 shares of the mining company’s stock worth $200,000 after purchasing an additional 10,024 shares during the last quarter. Raymond James & Associates grew its stake in Kinross Gold by 25.7% in the 3rd quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock valued at $3,186,000 after buying an additional 69,520 shares during the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Kinross Gold by 43.7% in the 3rd quarter. OLD National Bancorp IN now owns 16,433 shares of the mining company’s stock valued at $154,000 after purchasing an additional 4,999 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $11.27 on Friday. The company has a 50 day moving average of $10.36 and a 200 day moving average of $9.81. The stock has a market cap of $13.85 billion, a P/E ratio of 18.47, a P/E/G ratio of 0.67 and a beta of 1.24. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $12.28. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. As a group, sell-side analysts forecast that Kinross Gold Co. will post 0.73 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.07%. Kinross Gold’s payout ratio is 19.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KGC. CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday. 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 investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $11.63.

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.