Cerity Partners LLC Purchases 4,604 Shares of Kinross Gold Co. (NYSE:KGC)

Cerity Partners LLC increased its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,884 shares of the mining company’s stock after purchasing an additional 4,604 shares during the quarter. Cerity Partners LLC’s holdings in Kinross Gold were worth $344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KGC. CWM LLC boosted its position in Kinross Gold by 353.2% during the 3rd quarter. CWM LLC now owns 7,378 shares of the mining company’s stock valued at $34,000 after acquiring an additional 5,750 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in Kinross Gold by 2.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 793,972 shares of the mining company’s stock valued at $3,620,000 after acquiring an additional 18,314 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kinross Gold by 4.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 583,889 shares of the mining company’s stock valued at $2,673,000 after acquiring an additional 23,185 shares in the last quarter. Advisor Partners II LLC boosted its position in Kinross Gold by 3.7% during the 3rd quarter. Advisor Partners II LLC now owns 84,050 shares of the mining company’s stock valued at $383,000 after acquiring an additional 3,035 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in Kinross Gold by 7.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 57,593 shares of the mining company’s stock valued at $263,000 after acquiring an additional 3,836 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

KGC has been the subject of several analyst reports. Jefferies Financial Group increased their price objective on Kinross Gold from $5.00 to $6.00 and gave the company a “hold” rating in a report on Monday, April 22nd. StockNews.com upgraded Kinross Gold from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. TheStreet lowered Kinross Gold from a “b” rating to a “c+” rating in a report on Friday, February 16th. National Bank Financial reiterated an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Finally, CIBC increased their price objective on Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Kinross Gold currently has a consensus rating of “Moderate Buy” and an average price target of $6.44.

Kinross Gold Stock Performance

Shares of KGC stock opened at $6.75 on Friday. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. The business has a fifty day moving average of $5.83 and a 200 day moving average of $5.65. Kinross Gold Co. has a 1 year low of $4.32 and a 1 year high of $6.87.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.04 billion. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, research analysts expect that Kinross Gold Co. will post 0.37 earnings per share for the current year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.78%. Kinross Gold’s payout ratio is currently 35.29%.

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.