Triasima Portfolio Management inc. boosted its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 110.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,885,850 shares of the mining company's stock after purchasing an additional 2,563,850 shares during the quarter. Kinross Gold accounts for approximately 2.4% of Triasima Portfolio Management inc.'s holdings, making the stock its 12th biggest position. Triasima Portfolio Management inc. owned 0.40% of Kinross Gold worth $29,627,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in KGC. Bruce G. Allen Investments LLC acquired a new position in shares of Kinross Gold in the 4th quarter valued at $26,000. S.A. Mason LLC acquired a new position in shares of Kinross Gold in the 3rd quarter valued at $27,000. CWM LLC raised its stake in shares of Kinross Gold by 353.2% in the 3rd quarter. CWM LLC now owns 7,378 shares of the mining company's stock valued at $34,000 after buying an additional 5,750 shares in the last quarter. Natixis acquired a new stake in shares of Kinross Gold during the 4th quarter worth about $35,000. Finally, United Capital Financial Advisers LLC acquired a new stake in shares of Kinross Gold during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 63.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on KGC. CIBC increased their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. TheStreet cut shares of Kinross Gold from a "b" rating to a "c+" rating in a research report on Friday, February 16th. Jefferies Financial Group began coverage on shares of Kinross Gold in a research report on Thursday, February 29th. They set a "hold" rating and a $5.00 target price for the company. StockNews.com upgraded shares of Kinross Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 2nd. Finally, National Bank Financial reissued an "outperform overweight" rating on shares of Kinross Gold in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kinross Gold has an average rating of "Moderate Buy" and an average target price of $6.28.
View Our Latest Stock Analysis on Kinross Gold
Kinross Gold Price Performance
NYSE:KGC traded down $0.10 during mid-day trading on Friday, reaching $6.38. 27,387,150 shares of the company were exchanged, compared to its average volume of 14,758,440. Kinross Gold Co. has a 12 month low of $4.32 and a 12 month high of $6.81. The company has a fifty day moving average of $5.56 and a 200 day moving average of $5.51. The company has a quick ratio of 0.95, a current ratio of 2.63 and a debt-to-equity ratio of 0.36. The stock has a market cap of $7.83 billion, a PE ratio of 18.76, a PEG ratio of 2.11 and a beta of 1.15.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.04 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. On average, research analysts anticipate that Kinross Gold Co. will post 0.35 EPS for the current fiscal year.
Kinross Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Tuesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is presently 35.29%.
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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