Orion Porfolio Solutions LLC Has $834,000 Stock Holdings in Kinross Gold Corporation $KGC

Orion Porfolio Solutions LLC lifted its holdings in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 49.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 53,363 shares of the mining company’s stock after acquiring an additional 17,694 shares during the period. Orion Porfolio Solutions LLC’s holdings in Kinross Gold were worth $834,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KGC. Transce3nd LLC lifted its stake in Kinross Gold by 128.2% during the second quarter. Transce3nd LLC now owns 2,914 shares of the mining company’s stock worth $46,000 after purchasing an additional 1,637 shares during the period. MAI Capital Management raised its holdings in shares of Kinross Gold by 22.0% in the 2nd quarter. MAI Capital Management now owns 5,022 shares of the mining company’s stock worth $78,000 after buying an additional 907 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Kinross Gold by 19.1% during the 2nd quarter. IFP Advisors Inc now owns 5,210 shares of the mining company’s stock worth $81,000 after buying an additional 835 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in Kinross Gold in the 1st quarter valued at $84,000. Finally, Arista Wealth Management LLC acquired a new stake in Kinross Gold in the 2nd quarter valued at $156,000. Institutional investors own 63.69% of the company’s stock.

Analyst Ratings Changes

KGC has been the subject of a number of analyst reports. CIBC lifted their price objective on Kinross Gold from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. TD Securities lifted their price target on shares of Kinross Gold from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Kinross Gold in a research note on Sunday, December 7th. UBS Group lifted their target price on shares of Kinross Gold from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Desjardins initiated coverage on Kinross Gold in a report on Friday, November 28th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $29.81.

Kinross Gold Price Performance

Shares of KGC stock opened at $29.23 on Thursday. Kinross Gold Corporation has a 1 year low of $9.04 and a 1 year high of $29.80. The company has a current ratio of 2.83, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $25.96 and its 200-day moving average is $21.61. The firm has a market capitalization of $35.17 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 0.43 and a beta of 0.74.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, November 4th. The mining company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Kinross Gold had a net margin of 27.30% and a return on equity of 22.25%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company posted $0.24 EPS. Kinross Gold’s revenue was up 25.8% on a year-over-year basis. Sell-side analysts forecast that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Increases Dividend

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

Kinross Gold Company Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.