International Assets Investment Management LLC Takes $780,000 Position in Kinross Gold Co. (NYSE:KGC)

International Assets Investment Management LLC purchased a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 83,304 shares of the mining company's stock, valued at approximately $780,000.

A number of other large investors have also recently made changes to their positions in the stock. Corundum Trust Company INC bought a new stake in Kinross Gold during the 3rd quarter worth approximately $94,000. Private Advisor Group LLC increased its holdings in shares of Kinross Gold by 8.7% in the third quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company's stock worth $115,000 after purchasing an additional 981 shares during the period. U S Global Investors Inc. increased its holdings in shares of Kinross Gold by 270.9% in the third quarter. U S Global Investors Inc. now owns 537,868 shares of the mining company's stock worth $5,034,000 after purchasing an additional 392,868 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Kinross Gold by 634.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company's stock valued at $36,971,000 after buying an additional 3,405,478 shares during the period. Finally, OLD National Bancorp IN grew its position in Kinross Gold by 43.7% during the third quarter. OLD National Bancorp IN now owns 16,433 shares of the mining company's stock worth $154,000 after buying an additional 4,999 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on KGC. StockNews.com cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st. Scotiabank lifted their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. CIBC increased their price target on shares of Kinross Gold from $8.15 to $12.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group raised their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of "Moderate Buy" and an average target price of $9.50.

Kinross Gold Trading Down 1.8 %

Shares of Kinross Gold stock traded down $0.18 during trading on Wednesday, reaching $9.85. The company's stock had a trading volume of 28,830,721 shares, compared to its average volume of 15,304,214. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 0.51 and a beta of 1.22. The firm's 50-day moving average is $9.68 and its two-hundred day moving average is $8.66. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $10.82. The company has a quick ratio of 0.52, a current ratio of 1.27 and a debt-to-equity ratio of 0.19.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.32 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. The firm's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 EPS. On average, sell-side analysts anticipate that Kinross Gold Co. will post 0.66 earnings per share for the current year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.22%. Kinross Gold's dividend payout ratio is 29.27%.

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.