Banque Transatlantique SA Acquires 17,088 Shares of Kinross Gold Corporation $KGC

Key Points

• Banque Transatlantique SA has significantly increased its stake in Kinross Gold Corporation by 1,708,800%, owning 17,089 shares valued at $199,000 as of the latest SEC filing.
• An array of institutional investors have also made moves in Kinross Gold, with 63.69% of the company's stock now held by hedge funds and institutional investors.
• Kinross Gold reported a 41.7% increase in revenue year-over-year, achieving $1.75 billion in the latest quarter, while also declaring a quarterly dividend yielding 0.6%.

Banque Transatlantique SA lifted its holdings in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 1,708,800.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,089 shares of the mining company's stock after acquiring an additional 17,088 shares during the quarter. Banque Transatlantique SA's holdings in Kinross Gold were worth $199,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new stake in shares of Kinross Gold in the 1st quarter worth approximately $55,000. Farther Finance Advisors LLC increased its stake in Kinross Gold by 188.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock worth $71,000 after acquiring an additional 3,659 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Kinross Gold in the first quarter valued at approximately $77,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Kinross Gold by 68.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock worth $79,000 after acquiring an additional 2,561 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in Kinross Gold by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 6,339 shares of the mining company's stock worth $80,000 after purchasing an additional 1,787 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KGC. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, June 24th. Canaccord Genuity Group boosted their price target on shares of Kinross Gold from $28.00 to $29.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. CIBC raised their target price on Kinross Gold from $21.00 to $22.00 and gave the company an "outperformer" rating in a research note on Friday, August 1st. UBS Group assumed coverage on shares of Kinross Gold in a research note on Monday, August 4th. They set a "buy" rating and a $20.00 price objective on the stock. Finally, Zacks Research downgraded Kinross Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Kinross Gold has an average rating of "Moderate Buy" and an average price target of $20.07.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded up $0.39 on Wednesday, hitting $22.76. 5,827,948 shares of the company's stock were exchanged, compared to its average volume of 20,500,219. Kinross Gold Corporation has a 1 year low of $8.89 and a 1 year high of $22.91. The company has a 50-day simple moving average of $18.00 and a 200-day simple moving average of $15.20. The stock has a market capitalization of $27.65 billion, a PE ratio of 18.35, a PEG ratio of 0.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.84.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data on Wednesday, July 30th. The mining company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $0.14 EPS. The company's revenue was up 41.7% on a year-over-year basis. As a group, equities analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. Kinross Gold's payout ratio is presently 9.68%.

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.