LGT Fund Management Co Ltd. acquired a new stake in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 151,800 shares of the mining company's stock, valued at approximately $1,913,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of KGC. Banque Cantonale Vaudoise acquired a new stake in Kinross Gold during the first quarter worth approximately $55,000. Farther Finance Advisors LLC lifted its stake in shares of Kinross Gold by 188.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after acquiring an additional 3,659 shares during the last quarter. Headlands Technologies LLC bought a new position in Kinross Gold during the 1st quarter worth $77,000. Bruce G. Allen Investments LLC raised its position in 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 purchasing an additional 2,561 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Kinross Gold by 39.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,339 shares of the mining company's stock worth $80,000 after acquiring an additional 1,787 shares during the period. Institutional investors own 63.69% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on the company. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Tuesday, June 24th. CIBC lifted their price target on Kinross Gold from $21.00 to $22.00 and gave the company an "outperformer" rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their target price on Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Finally, Raymond James Financial raised shares of Kinross Gold to a "hold" rating and set a $15.00 price target on the stock in a report on Monday, June 30th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $20.07.
View Our Latest Report on KGC
Kinross Gold Price Performance
Shares of KGC stock traded up $0.03 on Thursday, reaching $19.08. The company's stock had a trading volume of 1,968,077 shares, compared to its average volume of 20,874,816. Kinross Gold Corporation has a 12-month low of $8.31 and a 12-month high of $19.45. The stock's 50 day simple moving average is $16.08 and its 200-day simple moving average is $14.00. The company has a market capitalization of $23.18 billion, a P/E ratio of 15.38, a PEG ratio of 0.64 and a beta of 0.55. The company has a quick ratio of 1.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.16.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Wednesday, July 30th. The mining company reported $0.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The firm's quarterly revenue was up 41.7% compared to the same quarter last year. As a group, equities analysts predict that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.
Kinross Gold Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a $0.03 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.12 annualized dividend and a yield of 0.6%. Kinross Gold's payout ratio is 9.68%.
Kinross Gold Company Profile
(
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.
See Also
Before you consider Kinross Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinross Gold wasn't on the list.
While Kinross Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access