Kinross Gold Co. (NYSE:KGC) Position Boosted by Leuthold Group LLC

Leuthold Group LLC lifted its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 152.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 638,600 shares of the mining company’s stock after purchasing an additional 385,161 shares during the quarter. Leuthold Group LLC owned 0.05% of Kinross Gold worth $5,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Global Retirement Partners LLC increased its position in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after buying an additional 5,140 shares in the last quarter. Valley National Advisers Inc. acquired a new position in Kinross Gold in the fourth quarter worth approximately $92,000. OneDigital Investment Advisors LLC bought a new position in Kinross Gold during the third quarter valued at approximately $94,000. Finally, EP Wealth Advisors LLC acquired a new stake in Kinross Gold in the third quarter valued at approximately $95,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. CIBC increased their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. 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, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Price Performance

NYSE KGC opened at $10.97 on Friday. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $12.28. The company has a fifty day simple moving average of $10.49 and a 200 day simple moving average of $9.90. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a market cap of $13.48 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.68 and a beta of 1.24.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly 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 net margin of 18.43% and a return on equity of 12.65%. On average, sell-side analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s dividend payout ratio is currently 15.58%.

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.