EP Wealth Advisors LLC Acquires Shares of 10,124 Kinross Gold Co. (NYSE:KGC)

EP Wealth Advisors LLC bought a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 3rd quarter, HoldingsChannel reports. The fund bought 10,124 shares of the mining company’s stock, valued at approximately $95,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KGC. Atlas Capital Advisors LLC acquired a new position in Kinross Gold during the 2nd quarter valued at about $40,000. Fifth Third Bancorp boosted its position in shares of Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock valued at $80,000 after buying an additional 9,375 shares during the last quarter. Blue Trust Inc. grew its holdings in Kinross Gold by 113.1% during the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock worth $94,000 after buying an additional 6,011 shares in the last quarter. Corundum Trust Company INC purchased a new stake in Kinross Gold in the 3rd quarter valued at $94,000. Finally, OneDigital Investment Advisors LLC bought a new position in Kinross Gold during the 3rd quarter valued at $94,000. 63.69% of the stock is owned by institutional investors.

Kinross Gold Stock Performance

Shares of KGC stock opened at $9.77 on Monday. 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 firm has a market cap of $12.01 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.44 and a beta of 1.21. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. The firm’s 50-day simple moving average is $10.00 and its two-hundred day simple moving average is $9.15.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. Kinross Gold’s revenue was up 29.9% on a year-over-year basis. As a group, equities analysts forecast that Kinross Gold Co. will post 0.7 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. Kinross Gold’s dividend payout ratio is presently 19.67%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KGC shares. Jefferies Financial Group upped their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Scotiabank upped their price objective on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $11.13.

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.