Northwestern Mutual Wealth Management Co. Purchases 186,488 Shares of Kinross Gold Corporation $KGC

Northwestern Mutual Wealth Management Co. raised its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 223.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 270,052 shares of the mining company’s stock after acquiring an additional 186,488 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Kinross Gold were worth $7,605,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Kinross Gold in the 4th quarter valued at approximately $26,000. Financial Management Professionals Inc. bought a new stake in Kinross Gold in the 4th quarter valued at approximately $26,000. Caitlin John LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $26,000. Virtus Advisers LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $28,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth approximately $29,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Down 1.4%

NYSE:KGC opened at $28.27 on Friday. The firm has a market capitalization of $33.71 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. Kinross Gold Corporation has a twelve month low of $14.35 and a twelve month high of $39.11. The stock’s 50 day moving average price is $30.80 and its two-hundred day moving average price is $30.62. The company has a quick ratio of 1.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The firm’s revenue was up 60.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. Equities research analysts expect that Kinross Gold Corporation will post 2.92 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Kinross Gold’s payout ratio is presently 6.78%.

Analyst Upgrades and Downgrades

KGC has been the topic of several recent analyst reports. Weiss Ratings lowered Kinross Gold from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday. Wall Street Zen raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Canadian Imperial Bank of Commerce set a $54.00 price target on Kinross Gold in a research report on Wednesday, February 4th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada raised Kinross Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $36.00 to $45.00 in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.81.

Kinross Gold 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.