Personal CFO Solutions LLC Invests $225,000 in Kinross Gold Co. (NYSE:KGC)

Personal CFO Solutions LLC bought a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,277 shares of the mining company’s stock, valued at approximately $225,000.

Other large investors have also modified their holdings of the company. Capstone Investment Advisors LLC purchased a new position in shares of Kinross Gold during the 3rd quarter worth approximately $774,000. Mediolanum International Funds Ltd purchased a new position in shares of Kinross Gold during the 4th quarter worth approximately $2,506,000. Truist Financial Corp increased its stake in Kinross Gold by 48.2% in the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock valued at $2,800,000 after purchasing an additional 98,196 shares in the last quarter. Geode Capital Management LLC increased its stake in Kinross Gold by 16.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after purchasing an additional 828,456 shares in the last quarter. Finally, DJE Kapital AG purchased a new position in Kinross Gold in the 4th quarter valued at approximately $3,723,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KGC. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. CIBC raised their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.63.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $11.18 on Wednesday. The business’s fifty day moving average price is $10.91 and its two-hundred day moving average price is $10.10. The stock has a market cap of $13.74 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. 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 one year low of $5.36 and a one year high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 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, analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

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.