PKO Investment Management Joint Stock Co purchased a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 581,006 shares of the mining company's stock, valued at approximately $5,398,000.
Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after buying an additional 44,610,091 shares during the last quarter. Norges Bank bought a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $280,697,000. Man Group plc grew its stake in shares of Kinross Gold by 174.2% in the fourth quarter. Man Group plc now owns 9,243,267 shares of the mining company's stock worth $85,685,000 after acquiring an additional 5,871,904 shares during the last quarter. First Eagle Investment Management LLC increased its position in Kinross Gold by 80.9% during the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock worth $116,898,000 after acquiring an additional 5,639,383 shares during the period. Finally, Renaissance Technologies LLC increased its position in Kinross Gold by 10.9% during the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after acquiring an additional 3,224,455 shares during the period. Institutional investors own 63.69% of the company's stock.
Analyst Ratings Changes
KGC has been the subject of several research reports. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. BMO Capital Markets began coverage on Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Raymond James raised their target price on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. Finally, Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and an average target price of $14.50.
Check Out Our Latest Stock Analysis on KGC
Kinross Gold Price Performance
Shares of KGC traded up $0.12 during mid-day trading on Friday, reaching $14.77. The company had a trading volume of 18,063,903 shares, compared to its average volume of 18,381,367. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The company has a market capitalization of $18.17 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a twelve month low of $7.20 and a twelve month high of $15.96. The company's 50-day moving average is $13.91 and its 200-day moving average is $11.70.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The firm 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 company posted $0.10 earnings per share. The business's revenue for the quarter was up 38.5% compared to the same quarter last year. On average, equities analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.
Kinross Gold Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be given a $0.03 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.
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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