Cinctive Capital Management LP lessened its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 66.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 234,671 shares of the mining company's stock after selling 470,103 shares during the period. Cinctive Capital Management LP's holdings in Kinross Gold were worth $2,175,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC increased its stake in Kinross Gold by 2.2% in the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock valued at $381,000 after purchasing an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its position in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after buying an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Kinross Gold by 2.4% in the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock valued at $423,000 after buying an additional 1,079 shares during the last quarter. Schechter Investment Advisors LLC raised its stake in Kinross Gold by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock worth $367,000 after acquiring an additional 1,080 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock valued at $219,000 after acquiring an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on KGC. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. 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. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and a consensus price target of $12.30.
Get Our Latest Research Report on KGC
Kinross Gold Stock Performance
Shares of KGC stock traded up $0.38 during midday trading on Tuesday, hitting $12.36. The company had a trading volume of 8,636,665 shares, compared to its average volume of 17,634,443. Kinross Gold Co. has a 52-week low of $6.20 and a 52-week high of $12.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The company's 50 day simple moving average is $11.63 and its 200 day simple moving average is $10.52. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 16.02, 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 the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Research analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.
Kinross Gold Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.97%. Kinross Gold's dividend payout ratio is currently 15.58%.
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.
Further Reading
Before you consider Kinross Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinross Gold wasn't on the list.
While Kinross Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
