Atria Wealth Solutions Inc. Makes New Investment in Kinross Gold Co. (NYSE:KGC)

Atria Wealth Solutions Inc. purchased a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 71,842 shares of the mining company’s stock, valued at approximately $666,000.

Several other large investors have also made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares during the last quarter. Valley National Advisers Inc. bought a new stake in shares of Kinross Gold in the fourth quarter valued at $92,000. OneDigital Investment Advisors LLC purchased a new stake in Kinross Gold during the third quarter valued at about $94,000. EP Wealth Advisors LLC bought a new stake in Kinross Gold during the 3rd quarter valued at $95,000. Finally, Fiera Capital Corp bought a new stake in shares of Kinross Gold during the third quarter valued at about $99,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on KGC shares. CIBC boosted their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.63.

Kinross Gold Stock Performance

Shares of KGC stock opened at $10.80 on Wednesday. The firm has a market capitalization of $13.27 billion, a PE ratio of 14.02, a P/E/G ratio of 0.68 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 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $10.54 and a 200-day moving average price of $9.96.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 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, equities research analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold’s payout ratio is 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.