Kinross Gold (NYSE:KGC) Coverage Initiated at BMO Capital Markets

BMO Capital Markets started coverage on shares of Kinross Gold (NYSE:KGC) (TSE:K) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating on the mining company’s stock.

Other equities analysts have also issued research reports about the company. Scotiabank boosted their target price on Kinross Gold from $13.00 to $16.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 14th. CIBC lifted 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. National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, April 4th. Finally, Raymond James boosted their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $13.30.

Kinross Gold Trading Down 1.6 %

NYSE:KGC opened at $14.80 on Wednesday. Kinross Gold has a 52 week low of $6.34 and a 52 week high of $15.34. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.68 and a beta of 1.12. The company’s 50 day moving average price is $12.11 and its 200-day moving average price is $10.82. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results 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 net margin of 18.43% and a return on equity of 12.65%. On average, equities research analysts forecast that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Wednesday, March 5th. Kinross Gold’s dividend payout ratio is presently 15.58%.

Institutional Investors Weigh In On Kinross Gold

Several hedge funds and other institutional investors have recently modified their holdings of KGC. Capital Investment Advisors LLC grew its holdings in Kinross Gold by 3.1% during the first quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company’s stock valued at $351,000 after purchasing an additional 850 shares during the period. Signaturefd LLC grew its stake in shares of Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock valued at $381,000 after acquiring an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC increased its holdings in Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after acquiring an additional 1,002 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock worth $423,000 after acquiring an additional 1,079 shares during the period. Finally, Schechter Investment Advisors LLC lifted its holdings in Kinross Gold by 2.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after purchasing an additional 1,080 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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.