Kinross Gold Corporation $KGC Shares Sold by RFG Advisory LLC

RFG Advisory LLC cut its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 41.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 41,783 shares of the mining company’s stock after selling 30,008 shares during the period. RFG Advisory LLC’s holdings in Kinross Gold were worth $1,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Turning Point Benefit Group Inc. lifted its position in Kinross Gold by 6.6% during the 4th quarter. Turning Point Benefit Group Inc. now owns 6,315 shares of the mining company’s stock worth $178,000 after acquiring an additional 393 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in Kinross Gold by 32.9% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,950 shares of the mining company’s stock worth $55,000 after acquiring an additional 483 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in Kinross Gold by 2.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company’s stock worth $629,000 after acquiring an additional 521 shares in the last quarter. Ballentine Partners LLC lifted its position in Kinross Gold by 1.8% during the 3rd quarter. Ballentine Partners LLC now owns 32,144 shares of the mining company’s stock worth $799,000 after acquiring an additional 565 shares in the last quarter. Finally, Cadence Wealth Management LLC lifted its position in Kinross Gold by 1.3% during the 3rd quarter. Cadence Wealth Management LLC now owns 46,233 shares of the mining company’s stock worth $1,149,000 after acquiring an additional 581 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Performance

Shares of KGC opened at $31.52 on Friday. The business’s 50 day moving average is $31.80 and its two-hundred day moving average is $30.19. Kinross Gold Corporation has a 52-week low of $13.28 and a 52-week high of $39.11. The firm has a market cap of $37.63 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.10 and a beta of 0.73. The company has a quick ratio of 1.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the company posted $0.30 EPS. Kinross Gold’s quarterly revenue was up 60.8% on a year-over-year basis. Analysts forecast that Kinross Gold Corporation will post 2.9 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st. Kinross Gold’s dividend payout ratio is presently 6.78%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KGC shares. Weiss Ratings lowered Kinross Gold from a “buy (a+)” rating to a “buy (a-)” rating in a research report on Friday, May 1st. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. TD Securities cut their target price on Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce set a $54.00 target price on Kinross Gold in a research report on Wednesday, February 4th. Finally, Zacks Research lowered Kinross Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Kinross Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.