Janus Henderson Group PLC Boosts Position in Kinross Gold Co. (NYSE:KGC)

Janus Henderson Group PLC grew its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 982.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,095,044 shares of the mining company's stock after acquiring an additional 993,913 shares during the period. Janus Henderson Group PLC owned about 0.09% of Kinross Gold worth $10,157,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KGC. Jones Financial Companies Lllp raised its holdings in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC increased its position in shares of Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after buying an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Kinross Gold during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after buying an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after buying an additional 5,140 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Wall Street Analyst Weigh In

KGC has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, May 13th. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Raymond James increased their target price on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $14.50.

Kinross Gold Price Performance

Shares of NYSE:KGC traded down $0.13 during midday trading on Thursday, hitting $14.52. The company's stock had a trading volume of 6,828,910 shares, compared to its average volume of 18,248,536. The company has a market cap of $17.86 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a 12-month low of $7.20 and a 12-month high of $15.96. The business's 50 day simple moving average is $13.61 and its 200 day simple moving average is $11.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

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 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Kinross Gold's quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be issued a $0.03 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. Kinross Gold's dividend payout ratio is presently 12.24%.

Kinross Gold 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.