19,350 Shares in Kinross Gold Co. (NYSE:KGC) Bought by BXM Wealth LLC

BXM Wealth LLC acquired a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the fourth quarter, HoldingsChannel reports. The fund acquired 19,350 shares of the mining company’s stock, valued at approximately $179,000.

Other hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in Kinross Gold by 8.7% in the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after purchasing an additional 981 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Kinross Gold by 4.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after purchasing an additional 1,106 shares during the period. First Trust Direct Indexing L.P. lifted its stake in shares of Kinross Gold by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock worth $447,000 after purchasing an additional 1,235 shares during the period. Blue Trust Inc. lifted its stake in shares of Kinross Gold by 9.6% in the 4th quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock worth $219,000 after purchasing an additional 2,060 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Kinross Gold by 9.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock worth $241,000 after acquiring an additional 2,200 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KGC shares. CIBC increased their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Stock Down 1.3 %

NYSE KGC opened at $11.27 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $10.36 and a two-hundred day moving average of $9.81. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.67 and a beta of 1.24. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last issued 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 net margin of 15.23% and a return on equity of 11.49%. On average, analysts predict that Kinross Gold Co. will post 0.73 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s dividend payout ratio is currently 19.67%.

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.