Baader Bank Aktiengesellschaft Has $770,000 Stake in Kinross Gold Corporation (NYSE:KGC)

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Kinross Gold Corporation by 52.6%, bringing its total holdings to 63,868 shares valued at $770,000.
• Several analysts have upgraded their ratings on Kinross Gold, with price targets ranging from $15.00 to $19.00, indicating a generally positive outlook on the stock.
• Kinross Gold reported a quarterly EPS of $0.44, surpassing estimates and showing a year-over-year revenue increase of 41.7% to $1.75 billion.

Baader Bank Aktiengesellschaft boosted its position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 52.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,868 shares of the mining company's stock after purchasing an additional 22,006 shares during the period. Baader Bank Aktiengesellschaft's holdings in Kinross Gold were worth $770,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after acquiring an additional 763,248 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after acquiring an additional 3,224,455 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Kinross Gold by 21.2% in the fourth quarter. Mackenzie Financial Corp now owns 13,951,818 shares of the mining company's stock worth $129,435,000 after acquiring an additional 2,438,445 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Kinross Gold by 15.4% during the fourth quarter. JPMorgan Chase & Co. now owns 13,438,786 shares of the mining company's stock worth $124,578,000 after buying an additional 1,793,065 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Kinross Gold by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,419,382 shares of the mining company's stock worth $87,310,000 after buying an additional 160,755 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on KGC. Scotiabank boosted their price target on shares of Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. BMO Capital Markets initiated coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada upped their target price on shares of Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold presently has an average rating of "Buy" and a consensus price target of $18.20.

Kinross Gold Stock Up 1.3%

Shares of Kinross Gold stock traded up $0.20 on Friday, hitting $16.20. The company had a trading volume of 19,012,230 shares, compared to its average volume of 16,650,000. The firm has a market capitalization of $19.74 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.55 and a beta of 0.55. Kinross Gold Corporation has a twelve month low of $7.84 and a twelve month high of $16.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.84 and a quick ratio of 1.22. The stock has a 50-day moving average of $15.50 and a 200-day moving average of $13.54.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Wednesday, July 30th. The mining company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.52 billion. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The business's quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. Research analysts predict that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.12 annualized dividend and a yield of 0.7%. Kinross Gold's dividend payout ratio is presently 12.24%.

Kinross Gold 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.