19,315 Shares in Kinross Gold Corporation $KGC Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,315 shares of the mining company’s stock, valued at approximately $456,000.

Several other large investors have also recently bought and sold shares of KGC. Virtus Advisers LLC bought a new position in shares of Kinross Gold during the third quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in Kinross Gold during the 1st quarter worth $29,000. Harvest Fund Management Co. Ltd raised its stake in Kinross Gold by 85.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock worth $32,000 after buying an additional 589 shares during the period. Elevated Capital Advisors LLC bought a new position in Kinross Gold during the fourth quarter worth about $36,000. Finally, Brown Brothers Harriman & Co. bought a new position in Kinross Gold during the third quarter worth about $38,000. Institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

KGC has been the subject of several recent analyst reports. Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Weiss Ratings cut Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Scotiabank decreased their price objective on Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. UBS Group decreased their price objective on Kinross Gold from $38.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group dropped their target price on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kinross Gold has an average rating of “Moderate Buy” and a consensus target price of $38.43.

Kinross Gold Price Performance

Shares of NYSE KGC opened at $27.12 on Wednesday. The firm has a market cap of $32.17 billion, a PE ratio of 10.27, a PEG ratio of 0.73 and a beta of 0.78. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08. Kinross Gold Corporation has a 1-year low of $18.65 and a 1-year high of $39.11. The company has a fifty day moving average price of $24.85 and a 200 day moving average price of $29.14.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The company’s revenue was up 29.5% on a year-over-year basis. Research analysts predict that Kinross Gold Corporation will post 2.63 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Kinross Gold’s dividend payout ratio (DPR) is presently 6.06%.

About Kinross Gold

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.