Schechter Investment Advisors LLC Has $367,000 Position in Kinross Gold Co. (NYSE:KGC)

Schechter Investment Advisors LLC raised its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,569 shares of the mining company’s stock after buying an additional 1,080 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Kinross Gold were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. 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. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold during the fourth quarter worth $42,000. Global Retirement Partners LLC increased its stake in shares of Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after buying an additional 4,788 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after acquiring an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in Kinross Gold in the 4th quarter valued at about $92,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. CIBC raised their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. StockNews.com cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Kinross Gold presently has an average rating of “Moderate Buy” and an average price target of $11.63.

Kinross Gold Price Performance

Shares of KGC stock opened at $11.45 on Thursday. The firm’s 50 day moving average price is $10.77 and its two-hundred day moving average price is $10.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. Kinross Gold Co. has a 52-week low of $5.24 and a 52-week high of $12.28. The stock has a market cap of $14.07 billion, a PE ratio of 14.87, a PEG ratio of 0.68 and a beta of 1.24.

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 (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. As a group, analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

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 given a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. Kinross Gold’s 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.