Kinross Gold Co. (NYSE:KGC) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC raised its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,569 shares of the mining company’s stock after buying an additional 1,080 shares during the period. Schechter Investment Advisors LLC’s holdings in Kinross Gold were worth $367,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. DJE Kapital AG purchased a new position in shares of Kinross Gold during the fourth quarter valued at $3,723,000. Plato Investment Management Ltd increased its holdings in shares of Kinross Gold by 2.5% in the 4th quarter. Plato Investment Management Ltd now owns 295,350 shares of the mining company’s stock valued at $2,752,000 after purchasing an additional 7,247 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Kinross Gold in the fourth quarter worth approximately $42,000. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,412 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Kinross Gold by 33.7% during the fourth quarter. US Bancorp DE now owns 60,879 shares of the mining company’s stock worth $564,000 after purchasing an additional 15,358 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of NYSE KGC opened at $11.45 on Thursday. Kinross Gold Co. has a 12 month low of $5.24 and a 12 month high of $12.28. The company has a market cap of $14.07 billion, a P/E ratio of 14.87, a P/E/G ratio of 0.68 and a beta of 1.24. The business’s 50 day moving average is $10.77 and its two-hundred day moving average is $10.05. The company has a quick ratio of 0.83, a current ratio of 2.01 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 analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. On average, equities analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s payout ratio is presently 15.58%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KGC shares. CIBC lifted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.63.

Kinross Gold 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.