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BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys New Stake in Kinross Gold Co. (NYSE:KGC)

Kinross Gold logo with Basic Materials background

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,516,399 shares of the mining company's stock, valued at approximately $14,193,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.12% of Kinross Gold at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company's stock worth $115,000 after acquiring an additional 981 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Kinross Gold by 2.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company's stock worth $447,000 after buying an additional 1,235 shares during the period. Cetera Advisors LLC lifted its holdings in Kinross Gold by 10.1% during the 1st quarter. Cetera Advisors LLC now owns 19,873 shares of the mining company's stock worth $122,000 after buying an additional 1,828 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Kinross Gold by 18.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company's stock valued at $119,000 after purchasing an additional 2,180 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Kinross Gold by 9.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company's stock valued at $241,000 after purchasing an additional 2,200 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of research reports. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 9th. Scotiabank boosted their price objective on Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group upped their target price on Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kinross Gold currently has an average rating of "Moderate Buy" and a consensus price target of $10.00.

Read Our Latest Analysis on KGC

Kinross Gold Trading Up 1.4 %

Shares of NYSE KGC traded up $0.14 during trading hours on Friday, hitting $10.22. The company's stock had a trading volume of 15,614,386 shares, compared to its average volume of 17,986,414. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $10.82. The business has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $8.93. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 0.50 and a beta of 1.22.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $0.12 earnings per share. The business's revenue was up 29.9% on a year-over-year basis. On average, analysts anticipate that Kinross Gold Co. will post 0.7 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, November 27th. Kinross Gold's payout ratio is currently 19.67%.

Kinross Gold Company Profile

(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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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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