Signaturefd LLC Acquires 865 Shares of Kinross Gold Co. (NYSE:KGC)

Signaturefd LLC boosted its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,072 shares of the mining company’s stock after acquiring an additional 865 shares during the quarter. Signaturefd LLC’s holdings in Kinross Gold were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Schechter Investment Advisors LLC increased its stake in Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after acquiring an additional 1,080 shares during the period. Atomi Financial Group Inc. increased its stake in Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after acquiring an additional 1,106 shares during the period. Jones Financial Companies Lllp increased its stake in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,412 shares during the period. Blue Trust Inc. increased its stake in Kinross Gold by 9.6% in the fourth quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock valued at $219,000 after acquiring an additional 2,060 shares during the period. Finally, Louisbourg Investments Inc. increased its stake in Kinross Gold by 1.0% in the fourth quarter. Louisbourg Investments Inc. now owns 282,500 shares of the mining company’s stock valued at $2,622,000 after acquiring an additional 2,700 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Price Performance

Shares of KGC stock opened at $12.32 on Friday. Kinross Gold Co. has a 1 year low of $5.64 and a 1 year high of $12.39. The firm’s 50 day moving average is $11.17 and its 200-day moving average is $10.23. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.68 and a beta of 1.29. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. Sell-side analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, March 5th. Kinross Gold’s payout ratio is presently 15.58%.

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of recent analyst reports. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Wednesday. CIBC boosted their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $11.63.

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.