Ninety One UK Ltd cut its position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,224,755 shares of the mining company's stock after selling 314,921 shares during the period. Ninety One UK Ltd owned approximately 0.34% of Kinross Gold worth $53,227,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in KGC. US Bancorp DE increased its stake in Kinross Gold by 33.7% during the 4th quarter. US Bancorp DE now owns 60,879 shares of the mining company's stock worth $564,000 after buying an additional 15,358 shares during the period. Jones Financial Companies Lllp lifted its holdings in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after buying an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Kinross Gold during the 4th quarter worth about $42,000. Atria Investments Inc purchased a new stake in Kinross Gold during the 4th quarter worth about $139,000. Finally, Aigen Investment Management LP purchased a new stake in Kinross Gold during the 4th quarter worth about $141,000. 63.69% of the stock is owned by hedge funds and other institutional investors.
Kinross Gold Stock Down 0.2%
Shares of NYSE KGC traded down $0.03 on Thursday, hitting $15.29. The company had a trading volume of 10,149,366 shares, compared to its average volume of 18,755,118. The firm has a market capitalization of $18.76 billion, a P/E ratio of 15.62, a PEG ratio of 0.61 and a beta of 0.63. Kinross Gold Corporation has a 12-month low of $7.84 and a 12-month high of $16.10. The company has a quick ratio of 1.22, a current ratio of 2.83 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $15.02 and a two-hundred day moving average of $12.84.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Kinross Gold had a return on equity of 15.63% and a net margin of 21.74%. 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 business posted $0.10 earnings per share. Kinross Gold's revenue for the quarter was up 38.5% on a year-over-year basis. As a group, equities research analysts forecast that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.
Kinross Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 29th. Kinross Gold's payout ratio is 12.24%.
Analysts Set New Price Targets
Several analysts have recently weighed in on KGC shares. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a report on Tuesday, June 24th. Raymond James Financial upgraded Kinross Gold to a "hold" rating and set a $15.00 target price on the stock in a research report on Monday, June 30th. 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 report on Wednesday, June 4th. Scotiabank boosted their price target on Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 8th. Finally, CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Kinross Gold presently has a consensus rating of "Buy" and a consensus price target of $17.00.
View Our Latest Report on KGC
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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