Avantax Advisory Services Inc. Lowers Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Avantax Advisory Services Inc. lessened its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,860 shares of the mining company’s stock after selling 1,233 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Kinross Gold were worth $147,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KGC. Jones Financial Companies Lllp raised its position in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after buying an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Kinross Gold during the fourth quarter worth about $42,000. Global Retirement Partners LLC lifted its position in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after purchasing an additional 4,788 shares during the period. Avior Wealth Management LLC boosted its holdings in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after purchasing an additional 5,140 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new position in Kinross Gold during the 4th quarter worth approximately $92,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Price Performance

Kinross Gold stock opened at $12.49 on Friday. 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 firm’s 50-day simple moving average is $11.36 and its 200 day simple moving average is $10.35. Kinross Gold Co. has a 52 week low of $5.93 and a 52 week high of $12.61. The firm has a market capitalization of $15.36 billion, a PE ratio of 16.21, a P/E/G ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. CIBC boosted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $11.63.

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.