Scotia Capital Inc. reduced its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 179,573 shares of the mining company's stock after selling 39,474 shares during the period. Scotia Capital Inc.'s holdings in Kinross Gold were worth $1,663,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KGC. Van ECK Associates Corp grew its stake in shares of Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the period. Vanguard Group Inc. grew its position in Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock valued at $439,881,000 after acquiring an additional 763,248 shares during the period. Renaissance Technologies LLC raised its stake in 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 in the last quarter. Norges Bank bought a new position in shares of Kinross Gold during the fourth quarter valued at $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kinross Gold by 10.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock valued at $136,028,000 after purchasing an additional 1,398,225 shares in the last quarter. Institutional investors own 63.69% of the company's stock.
Kinross Gold Trading Down 1.6 %
Kinross Gold stock traded down $0.23 during trading hours on Friday, reaching $14.80. 19,608,958 shares of the company's stock traded hands, compared to its average volume of 17,746,699. Kinross Gold Co. has a fifty-two week low of $6.34 and a fifty-two week high of $15.34. The firm's 50 day moving average is $12.06 and its 200-day moving average is $10.78. 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 capitalization of $18.21 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.68 and a beta of 1.12.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.
Kinross Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. Kinross Gold's dividend payout ratio is presently 15.58%.
Analysts Set New Price Targets
A number of research firms have commented on KGC. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank reiterated an "outperform" rating on shares of Kinross Gold in a research report on Monday. Raymond James increased their target price on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday, April 4th. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, BMO Capital Markets started coverage on shares of Kinross Gold in a research note on Wednesday. They issued an "outperform" rating for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $13.30.
Get Our Latest Analysis on Kinross Gold
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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