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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in 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 buying an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Kinross Gold in the fourth quarter worth $42,000. Global Retirement Partners LLC lifted its position 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 worth $50,000 after buying an additional 4,788 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Kinross Gold in the first quarter worth $55,000. 63.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KGC has been the subject of several analyst reports. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Raymond James increased their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. BMO Capital Markets initiated coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. 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, CIBC restated an "outperform" rating on shares of Kinross Gold in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $15.40.

Kinross Gold Stock Down 2.3%

Kinross Gold stock traded down $0.36 during mid-day trading on Friday, reaching $15.10. The stock had a trading volume of 22,388,556 shares, compared to its average volume of 18,539,516. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 0.68 and a beta of 0.63. The company has a 50-day moving average price of $14.26 and a two-hundred day moving average price of $11.94. Kinross Gold has a one year low of $7.20 and a one year high of $15.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The business'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 EPS. On average, analysts expect that Kinross Gold will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be paid a $0.03 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.79%. Kinross Gold's payout ratio is 12.24%.

About Kinross Gold

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.