DekaBank Deutsche Girozentrale increased its position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 3.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 883,803 shares of the mining company's stock after acquiring an additional 31,497 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.07% of Kinross Gold worth $11,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in KGC. Capital Investment Advisors LLC grew its holdings in Kinross Gold by 3.1% during the 1st quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock worth $351,000 after acquiring an additional 850 shares in the last quarter. Signaturefd LLC grew its holdings in Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock worth $381,000 after acquiring an additional 865 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after acquiring an additional 1,079 shares in the last quarter. Finally, S.A. Mason LLC grew its holdings in Kinross Gold by 6.0% during the 1st quarter. S.A. Mason LLC now owns 22,250 shares of the mining company's stock worth $281,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.
Kinross Gold Stock Performance
KGC stock traded up $0.21 on Friday, hitting $15.55. The company's stock had a trading volume of 14,545,936 shares, compared to its average volume of 18,747,498. The firm has a 50 day moving average of $15.04 and a two-hundred day moving average of $12.88. Kinross Gold Corporation has a 1 year low of $7.84 and a 1 year high of $16.10. The stock has a market cap of $19.08 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.62 and a beta of 0.63. The company has a current ratio of 2.83, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. Kinross Gold's revenue for the quarter was up 38.5% on a year-over-year basis. Equities analysts predict that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.
Kinross Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were paid a $0.03 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.77%. Kinross Gold's dividend payout ratio is currently 12.24%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. CIBC restated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Finally, National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, June 24th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold has an average rating of "Buy" and an average target price of $17.00.
Read Our Latest Report on Kinross Gold
About Kinross Gold
(
Free Report)
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.
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