OneDigital Investment Advisors LLC Invests $94,000 in Kinross Gold Co. (NYSE:KGC)

OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,051 shares of the mining company’s stock, valued at approximately $94,000.

A number of other large investors have also modified their holdings of KGC. Vanguard Group Inc. increased its stake in Kinross Gold by 1.1% in the first quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company’s stock valued at $278,486,000 after acquiring an additional 497,531 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Kinross Gold by 3.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 105,372 shares of the mining company’s stock worth $647,000 after buying an additional 3,070 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Kinross Gold by 95.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 17,400 shares of the mining company’s stock worth $107,000 after buying an additional 8,500 shares during the period. Natixis lifted its position in shares of Kinross Gold by 590.7% during the 1st quarter. Natixis now owns 48,730 shares of the mining company’s stock worth $299,000 after buying an additional 41,675 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Kinross Gold by 7.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 580,765 shares of the mining company’s stock valued at $3,560,000 after buying an additional 39,000 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Price Performance

Shares of KGC stock opened at $10.22 on Friday. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $10.82. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $9.89 and its 200-day moving average is $8.92. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.49 and a beta of 1.22.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. Sell-side analysts forecast that Kinross Gold Co. will post 0.69 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.17%. Kinross Gold’s payout ratio is presently 19.67%.

Analyst Ratings Changes

Several brokerages have recently commented on KGC. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. Jefferies Financial Group boosted their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Scotiabank raised their price objective on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

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.