Avior Wealth Management LLC grew its position in Kinross Gold Co. (NYSE:KGC – Free Report) (TSE:K) by 246.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,227 shares of the mining company’s stock after acquiring an additional 5,140 shares during the quarter. Avior Wealth Management LLC’s holdings in Kinross Gold were worth $67,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in KGC. Corundum Trust Company INC purchased a new position in Kinross Gold during the third quarter worth approximately $94,000. OneDigital Investment Advisors LLC purchased a new position in Kinross Gold during the third quarter worth approximately $94,000. EP Wealth Advisors LLC purchased a new position in Kinross Gold during the third quarter worth approximately $95,000. Fiera Capital Corp purchased a new position in Kinross Gold during the third quarter worth approximately $99,000. Finally, M&T Bank Corp purchased a new position in Kinross Gold during the third quarter worth approximately $100,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.
Kinross Gold Price Performance
NYSE:KGC opened at $11.12 on Thursday. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $11.31. 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 market capitalization of $13.67 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.90 and a beta of 1.21. The stock’s fifty day moving average is $9.93 and its two-hundred day moving average is $9.59.
Kinross Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. Kinross Gold’s payout ratio is presently 19.67%.
Wall Street Analyst Weigh In
KGC has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $11.13.
View Our Latest Report on Kinross Gold
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.
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