MML Investors Services LLC Invests $201,000 in Kinross Gold Co. (NYSE:KGC)

MML Investors Services LLC acquired a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,464 shares of the mining company’s stock, valued at approximately $201,000.

Other large investors have also bought and sold shares of the company. Private Advisor Group LLC grew its holdings in shares of Kinross Gold by 8.7% in the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after acquiring an additional 981 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in Kinross Gold by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock worth $447,000 after purchasing an additional 1,235 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Kinross Gold by 18.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock worth $119,000 after buying an additional 2,180 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Kinross Gold by 9.4% during the third 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 in the last quarter. Finally, Oxbow Advisors LLC boosted its holdings in shares of Kinross Gold by 16.9% in the second quarter. Oxbow Advisors LLC now owns 22,577 shares of the mining company’s stock worth $188,000 after buying an additional 3,262 shares during the period. Institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KGC. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Jefferies Financial Group boosted their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kinross Gold has a consensus rating of “Buy” and a consensus target price of $11.13.

Kinross Gold Stock Down 0.5 %

KGC opened at $9.38 on Friday. The company has a market capitalization of $11.53 billion, a P/E ratio of 15.38, a P/E/G ratio of 0.44 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The firm’s fifty day moving average price is $9.94 and its two-hundred day moving average price is $9.23. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $10.82.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. Kinross Gold’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. On average, analysts anticipate that Kinross Gold Co. will post 0.7 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, November 27th. Kinross Gold’s payout ratio is currently 19.67%.

Kinross Gold Company 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.