DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $23.86 Million Position in Kinross Gold Co. (NYSE:KGC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,573,500 shares of the mining company's stock after selling 917,543 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.21% of Kinross Gold worth $23,856,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Kinross Gold in the 4th quarter valued at $280,697,000. Renaissance Technologies LLC raised its position in shares of 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 last quarter. Mediolanum International Funds Ltd bought a new stake in shares of Kinross Gold during the fourth quarter worth $2,506,000. Truist Financial Corp raised its position in shares of Kinross Gold by 48.2% during the fourth quarter. Truist Financial Corp now owns 302,057 shares of the mining company's stock worth $2,800,000 after acquiring an additional 98,196 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in shares of Kinross Gold during the fourth quarter worth $3,723,000. Institutional investors own 63.69% of the company's stock.

Kinross Gold Trading Up 1.9%

NYSE:KGC traded up $0.28 on Friday, reaching $15.05. The company's stock had a trading volume of 19,486,174 shares, compared to its average volume of 18,016,931. Kinross Gold Co. has a 1-year low of $7.20 and a 1-year high of $15.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The firm has a market cap of $18.52 billion, a PE ratio of 19.55, a PEG ratio of 0.68 and a beta of 0.64. The business's 50-day moving average price is $13.18 and its two-hundred day moving average price is $11.33.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.43 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. The company's revenue was up 38.5% on a year-over-year basis. Equities research analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.80%. Kinross Gold's dividend payout ratio is currently 15.58%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KGC shares. Scotiabank increased their price target on Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. BMO Capital Markets initiated coverage on Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Raymond James lifted their price objective on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $13.50.

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.