Cercano Management LLC Invests $2.24 Million in Kinross Gold Co. (NYSE:KGC)

Cercano Management LLC bought a new position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 369,345 shares of the mining company's stock, valued at approximately $2,235,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Kinross Gold in the 4th quarter worth $44,000. Truist Financial Corp increased its stake in shares of Kinross Gold by 68.6% in the 4th quarter. Truist Financial Corp now owns 47,457 shares of the mining company's stock worth $287,000 after acquiring an additional 19,317 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Kinross Gold by 7.7% during the 4th quarter. Signaturefd LLC now owns 42,585 shares of the mining company's stock worth $258,000 after purchasing an additional 3,048 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Kinross Gold by 13.3% during the 4th quarter. Mackenzie Financial Corp now owns 10,593,655 shares of the mining company's stock worth $64,151,000 after purchasing an additional 1,239,966 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of Kinross Gold by 63.4% during the 4th quarter. Vontobel Holding Ltd. now owns 1,180,000 shares of the mining company's stock worth $7,142,000 after purchasing an additional 458,000 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Up 0.1 %

Shares of KGC traded up $0.01 during midday trading on Friday, hitting $6.74. The company had a trading volume of 14,737,335 shares, compared to its average volume of 18,082,304. The company's 50-day simple moving average is $5.83 and its 200-day simple moving average is $5.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 2.63. The firm has a market capitalization of $8.28 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.09 and a beta of 1.15. Kinross Gold Co. has a 1 year low of $4.32 and a 1 year high of $6.87.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data 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. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the business posted $0.09 EPS. The business's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that Kinross Gold Co. will post 0.4 EPS for the current 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 given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. CIBC increased their price target on Kinross Gold from $7.00 to $8.15 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. StockNews.com upgraded Kinross Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. TheStreet cut Kinross Gold from a "b" rating to a "c+" rating in a report on Friday, February 16th. Jefferies Financial Group raised their target price on Kinross Gold from $5.00 to $6.00 and gave the company a "hold" rating in a report on Monday, April 22nd. Finally, National Bank Financial restated 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 given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kinross Gold has an average rating of "Moderate Buy" and an average target price of $6.44.

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.