denkapparat Operations GmbH Takes $383,000 Position in Kinross Gold Co. (NYSE:KGC)

denkapparat Operations GmbH acquired a new position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 41,272 shares of the mining company's stock, valued at approximately $383,000.

A number of other institutional investors have also made changes to their positions in KGC. Signaturefd LLC boosted its position in shares of 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 acquiring an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC boosted its holdings in 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 purchasing an additional 1,002 shares during the period. TD Private Client Wealth LLC grew its position in shares of Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after purchasing an additional 1,079 shares in the last quarter. Schechter Investment Advisors LLC increased its holdings in shares of Kinross Gold by 2.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock worth $367,000 after purchasing an additional 1,080 shares during the period. Finally, Atomi Financial Group Inc. raised its position in shares of 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 buying an additional 1,106 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on KGC shares. CIBC upped their target price on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, StockNews.com lowered shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Kinross Gold currently has an average rating of "Buy" and an average price target of $11.63.

Kinross Gold Trading Down 1.3 %

NYSE KGC traded down $0.16 during trading hours on Tuesday, hitting $12.45. 7,418,185 shares of the company's stock were exchanged, compared to its average volume of 17,494,383. Kinross Gold Co. has a 1-year low of $6.13 and a 1-year high of $12.90. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $11.45 and a 200 day simple moving average of $10.42. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. On average, equities analysts forecast that Kinross Gold Co. will post 0.81 EPS 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 paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is currently 15.58%.

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.