Kinross Gold Co. (NYSE:KGC) Shares Sold by Capital Investment Advisory Services LLC

Posted by Defense World Staff on Apr 24th, 2023

Capital Investment Advisory Services LLC lessened its holdings in shares of Kinross Gold Co. (NYSE:KGC – Get Rating) (TSE:K) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 38,870 shares of the mining company’s stock after selling 2,665 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Kinross Gold were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ieq Capital LLC acquired a new stake in shares of Kinross Gold in the third quarter valued at $38,000. Quadrant Capital Group LLC lifted its holdings in shares of Kinross Gold by 113.9% in the third quarter. Quadrant Capital Group LLC now owns 10,103 shares of the mining company’s stock valued at $38,000 after buying an additional 5,379 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Kinross Gold in the third quarter valued at $39,000. Buckingham Strategic Wealth LLC acquired a new stake in shares of Kinross Gold in the third quarter valued at $44,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Kinross Gold in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 55.58% of the company’s stock.

Kinross Gold Price Performance

Shares of KGC stock opened at $4.96 on Monday. The stock has a 50 day moving average of $4.30 and a two-hundred day moving average of $4.21. The company has a current ratio of 2.47, a quick ratio of 1.04 and a debt-to-equity ratio of 0.43. Kinross Gold Co. has a 12 month low of $3.00 and a 12 month high of $5.68. The company has a market capitalization of $6.09 billion, a P/E ratio of -10.55 and a beta of 0.93.

Kinross Gold (NYSE:KGC – Get Rating) (TSE:K) last announced its quarterly earnings data on Thursday, February 16th. The mining company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Kinross Gold had a positive return on equity of 4.58% and a negative net margin of 17.18%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $962.80 million. During the same quarter last year, the company earned $0.08 EPS. As a group, equities analysts expect that Kinross Gold Co. will post 0.31 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Wednesday, March 8th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.42%. Kinross Gold’s dividend payout ratio is currently -25.53%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. TD Securities cut their price objective on Kinross Gold from $6.50 to $6.00 and set a “buy” rating for the company in a report on Friday, February 17th. StockNews.com began coverage on Kinross Gold in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Bank of America lowered Kinross Gold from a “buy” rating to an “underperform” rating and set a $4.70 target price on the stock. in a research report on Wednesday, April 5th. Barclays lowered Kinross Gold from an “overweight” rating to an “equal weight” rating and set a $5.00 target price on the stock. in a research report on Monday, January 30th. Finally, Raymond James boosted their target price on Kinross Gold from $4.50 to $5.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Kinross Gold has an average rating of “Hold” and a consensus price target of $6.33.

Kinross Gold Profile

(Get Rating)

Kinross Gold Corp. engages in the production, acquisition, exploration, and development of gold properties. Its mining operations are in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. The firm operates through the following business segments: Fort Knox, Round Mountain, Bald Mountain, Kupol, Paracatu, Tasiast, Chirano, and Corporate & Other.