Kinross Gold Co. (NYSE:KGC) Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 18.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 216,446 shares of the mining company's stock after buying an additional 33,455 shares during the period. SG Americas Securities LLC's holdings in Kinross Gold were worth $2,729,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KGC. Choreo LLC bought a new stake in shares of Kinross Gold during the 4th quarter valued at about $170,000. Sumitomo Mitsui Trust Group Inc. grew its position in Kinross Gold by 104.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 118,197 shares of the mining company's stock worth $1,096,000 after purchasing an additional 60,470 shares during the last quarter. Stephens Inc. AR bought a new position in Kinross Gold in the 4th quarter worth about $613,000. Savant Capital LLC grew its position in Kinross Gold by 73.7% in the 4th quarter. Savant Capital LLC now owns 37,655 shares of the mining company's stock worth $349,000 after purchasing an additional 15,976 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in Kinross Gold by 1.1% in the 4th quarter. Vontobel Holding Ltd. now owns 1,192,700 shares of the mining company's stock worth $11,063,000 after purchasing an additional 12,700 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on KGC. BMO Capital Markets began coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. CIBC restated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Finally, Scotiabank upped 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. Three 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 stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $15.40.

Kinross Gold Trading Up 1.6%

Shares of NYSE:KGC opened at $15.79 on Friday. Kinross Gold Co. has a twelve month low of $7.20 and a twelve month high of $15.96. The firm has a market cap of $19.37 billion, a P/E ratio of 20.50, a P/E/G ratio of 0.68 and a beta of 0.63. The company has a 50 day moving average of $14.57 and a 200-day moving average of $12.14. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its 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 18.43% and a return on equity of 12.65%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business earned $0.10 earnings per share. The business's quarterly revenue was up 38.5% on a year-over-year basis. As a group, analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, May 29th. Kinross Gold's dividend payout ratio is presently 12.24%.

Kinross Gold Company 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.

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