Wilmington Savings Fund Society FSB Invests $248,000 in Kinross Gold Co. (NYSE:KGC)

Wilmington Savings Fund Society FSB bought a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the third quarter, according to its most recent filing with the SEC. The fund bought 26,472 shares of the mining company’s stock, valued at approximately $248,000.

Other hedge funds also recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new stake in shares of Kinross Gold during the 2nd quarter worth $40,000. Fifth Third Bancorp raised its stake in shares of Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after purchasing an additional 9,375 shares during the period. Corundum Trust Company INC bought a new stake in shares of Kinross Gold during the 3rd quarter worth $94,000. OneDigital Investment Advisors LLC purchased a new stake in Kinross Gold in the 3rd quarter worth about $94,000. Finally, EP Wealth Advisors LLC purchased a new stake in Kinross Gold in the 3rd quarter worth about $95,000. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Stock Down 2.0 %

KGC stock opened at $9.57 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $11.76 billion, a PE ratio of 15.68, a PEG ratio of 0.44 and a beta of 1.21. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82. The stock has a 50-day simple moving average of $10.01 and a two-hundred day simple moving average of $9.18.

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

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s payout ratio is presently 19.67%.

Analysts Set New Price Targets

KGC has been the subject of several recent research reports. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Jefferies Financial Group lifted their price objective on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $11.13.

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.