Occudo Quantitative Strategies LP acquired a new position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 72,345 shares of the mining company's stock, valued at approximately $671,000.
A number of other institutional investors and hedge funds have also made changes to their positions in KGC. Signaturefd LLC boosted its position in shares of Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock worth $381,000 after acquiring an additional 865 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Kinross Gold by 2.4% in the fourth quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock valued at $423,000 after purchasing an additional 1,079 shares in the last quarter. Schechter Investment Advisors LLC boosted its holdings in Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock valued at $367,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its stake in Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock valued at $219,000 after purchasing an additional 1,106 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.
Kinross Gold Stock Performance
Shares of Kinross Gold stock traded down $0.05 during trading on Friday, reaching $13.71. The company's stock had a trading volume of 17,477,945 shares, compared to its average volume of 18,207,111. The company has a 50-day moving average price of $13.44 and a two-hundred day moving average price of $11.43. Kinross Gold Co. has a fifty-two week low of $7.20 and a fifty-two week high of $15.96. The firm has a market cap of $16.86 billion, a PE ratio of 17.80, a P/E/G ratio of 0.68 and a beta of 0.64. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted 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. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $0.10 earnings per share. Kinross Gold's quarterly revenue was up 38.5% on a year-over-year basis. On average, analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.
Kinross Gold Announces Dividend
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 given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on KGC shares. BMO Capital Markets assumed coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Scotiabank lifted their price target on shares of Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 8th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Raymond James lifted 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. 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $13.90.
Check Out Our Latest Stock Report on KGC
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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