10,000 Shares in Kinross Gold Corporation $KGC Acquired by Arista Wealth Management LLC

Arista Wealth Management LLC purchased a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 10,000 shares of the mining company’s stock, valued at approximately $156,000.

Several other institutional investors also recently bought and sold shares of KGC. Banque Cantonale Vaudoise acquired a new position in Kinross Gold in the 1st quarter valued at $55,000. Farther Finance Advisors LLC raised its holdings in Kinross Gold by 188.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company’s stock valued at $71,000 after acquiring an additional 3,659 shares during the last quarter. Headlands Technologies LLC acquired a new position in Kinross Gold in the 1st quarter valued at $77,000. SBI Securities Co. Ltd. raised its holdings in Kinross Gold by 39.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,339 shares of the mining company’s stock valued at $80,000 after acquiring an additional 1,787 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Kinross Gold by 19.1% in the 2nd quarter. IFP Advisors Inc now owns 5,210 shares of the mining company’s stock valued at $81,000 after acquiring an additional 835 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Stock Down 9.0%

Shares of NYSE KGC opened at $25.10 on Friday. Kinross Gold Corporation has a 52-week low of $8.99 and a 52-week high of $27.84. The firm has a fifty day moving average of $22.58 and a 200-day moving average of $17.64. The stock has a market capitalization of $30.43 billion, a PE ratio of 20.24, a P/E/G ratio of 0.88 and a beta of 0.64. The company has a quick ratio of 1.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.16.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, July 30th. The mining company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company earned $0.14 EPS. The firm’s revenue was up 41.7% on a year-over-year basis. On average, analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 21st. Kinross Gold’s dividend payout ratio is 9.68%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (a-)” rating on shares of Kinross Gold in a report on Wednesday, October 8th. Wall Street Zen raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. TD Securities boosted their price objective on shares of Kinross Gold from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Zacks Research cut shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, CIBC boosted their price objective on shares of Kinross Gold from $22.00 to $36.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $25.69.

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.