Kinross Gold Co. (NYSE:KGC) Short Interest Update

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 11,780,000 shares, an increase of 24.3% from the April 30th total of 9,480,000 shares. Approximately 1.0% of the company's stock are sold short. Based on an average daily trading volume, of 21,400,000 shares, the short-interest ratio is currently 0.6 days.

Kinross Gold Stock Performance

Shares of NYSE KGC traded down $0.02 during trading hours on Thursday, reaching $15.46. The stock had a trading volume of 22,834,710 shares, compared to its average volume of 18,490,985. 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 has a fifty-two week low of $7.20 and a fifty-two week high of $15.96. The firm has a 50-day moving average of $14.15 and a 200-day moving average of $11.86. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 0.68 and a beta of 0.64.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The company's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Equities research analysts predict that Kinross Gold will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.78%. Kinross Gold's payout ratio is currently 12.24%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KGC. Jones Financial Companies Lllp grew its position in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of Kinross Gold by 30.4% in 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 in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Kinross Gold during the 1st quarter valued at $55,000. SBI Securities Co. Ltd. purchased a new stake in shares of Kinross Gold during the 4th quarter worth about $42,000. Finally, Global Retirement Partners LLC lifted its stake in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after acquiring an additional 4,788 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KGC has been the subject of a number of recent research reports. Raymond James boosted their price objective on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 4th. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Finally, Royal Bank of Canada lifted their target price on Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $15.40.

Kinross Gold Company 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.