D Orazio & Associates Inc. Takes $163,000 Position in Kinross Gold Corporation $KGC

D Orazio & Associates Inc. purchased a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,441 shares of the mining company’s stock, valued at approximately $163,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Boston Partners increased its stake in Kinross Gold by 36.5% in the first quarter. Boston Partners now owns 47,526,913 shares of the mining company’s stock valued at $632,797,000 after purchasing an additional 12,705,061 shares during the period. AustralianSuper Pty Ltd grew its holdings in shares of Kinross Gold by 127.2% during the second quarter. AustralianSuper Pty Ltd now owns 6,107,913 shares of the mining company’s stock worth $95,509,000 after buying an additional 3,419,440 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Kinross Gold by 95.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,949,976 shares of the mining company’s stock valued at $87,639,000 after acquiring an additional 3,398,687 shares during the period. Canada Pension Plan Investment Board raised its stake in Kinross Gold by 55.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,387,031 shares of the mining company’s stock valued at $80,481,000 after acquiring an additional 2,288,753 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Kinross Gold by 21.4% during the 2nd quarter. Geode Capital Management LLC now owns 10,639,787 shares of the mining company’s stock worth $172,571,000 after acquiring an additional 1,876,764 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Performance

NYSE:KGC opened at $25.53 on Friday. The firm’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $19.03. The company has a quick ratio of 1.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.16. The stock has a market cap of $30.89 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 0.42 and a beta of 0.61. Kinross Gold Corporation has a fifty-two week low of $8.99 and a fifty-two week high of $27.84.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, November 4th. The mining company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. Analysts expect that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s dividend payout ratio (DPR) is 9.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Raymond James Financial upped their price objective on shares of Kinross Gold from $20.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 10th. Weiss Ratings restated a “buy (a)” rating on shares of Kinross Gold in a research note on Friday, October 31st. Canaccord Genuity Group boosted their price target on shares of Kinross Gold from $28.00 to $29.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, TD Securities increased their price target on shares of Kinross Gold from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $27.56.

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.