Savant Capital LLC Grows Holdings in Kinross Gold Co. (NYSE:KGC)

Savant Capital LLC increased its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 73.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,655 shares of the mining company’s stock after buying an additional 15,976 shares during the period. Savant Capital LLC’s holdings in Kinross Gold were worth $349,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on KGC. CIBC boosted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and an average target price of $11.63.

Kinross Gold Trading Down 1.3 %

Kinross Gold stock opened at $11.27 on Tuesday. The firm has a 50-day moving average price of $10.39 and a two-hundred day moving average price of $9.84. 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. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. Sell-side analysts expect that Kinross Gold Co. will post 0.73 earnings per share for the current year.

Kinross Gold Announces Dividend

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

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.