Mark Sheptoff Financial Planning LLC Has $40,000 Stake in Kinross Gold Co. (NYSE:KGC)

Mark Sheptoff Financial Planning LLC increased its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 30.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,302 shares of the mining company’s stock after buying an additional 1,002 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Kinross Gold were worth $40,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC bought a new position in shares of Kinross Gold in the third quarter worth $774,000. Mediolanum International Funds Ltd bought a new position in Kinross Gold in the 4th quarter valued at about $2,506,000. Truist Financial Corp raised its position in shares of Kinross Gold by 48.2% in the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock valued at $2,800,000 after buying an additional 98,196 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Kinross Gold by 16.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after acquiring an additional 828,456 shares in the last quarter. Finally, DJE Kapital AG bought a new position in Kinross Gold in the fourth quarter valued at approximately $3,723,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE:KGC opened at $12.30 on Wednesday. The stock’s 50-day moving average is $11.29 and its 200-day moving average is $10.32. The stock has a market cap of $15.13 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1-year low of $5.67 and a 1-year high of $12.59. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Equities research analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. Kinross Gold’s payout ratio is 15.58%.

Analyst Ratings Changes

A number of brokerages have weighed in on KGC. CIBC raised their target price on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Kinross Gold currently has an average rating of “Buy” and a consensus target price of $11.63.

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.