Entropy Technologies LP Purchases Shares of 134,490 Kinross Gold Co. (NYSE:KGC)

Entropy Technologies LP bought a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 134,490 shares of the mining company's stock, valued at approximately $1,259,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlas Capital Advisors LLC acquired a new stake in Kinross Gold during the 2nd quarter valued at $40,000. Bright Futures Wealth Management LLC. bought a new stake in Kinross Gold during the 1st quarter worth about $70,000. Fifth Third Bancorp increased its position in Kinross Gold by 3,524.4% in the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock valued at $80,000 after acquiring an additional 9,375 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Kinross Gold by 113.1% in the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company's stock worth $94,000 after acquiring an additional 6,011 shares during the last quarter. Finally, Corundum Trust Company INC acquired a new position in shares of Kinross Gold during the third quarter worth approximately $94,000. Institutional investors own 63.69% of the company's stock.

Kinross Gold Trading Up 1.1 %

NYSE:KGC traded up $0.10 during trading hours on Thursday, hitting $9.39. The stock had a trading volume of 17,725,912 shares, compared to its average volume of 15,459,155. The business's 50 day moving average is $9.78 and its 200-day moving average is $8.78. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 0.47 and a beta of 1.22. Kinross Gold Co. has a one year low of $4.75 and a one year high of $10.82. 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 (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $0.12 EPS. The firm's revenue was up 29.9% compared to the same quarter last year. Sell-side analysts anticipate that Kinross Gold Co. will post 0.69 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. Kinross Gold's payout ratio is 19.67%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KGC. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. Scotiabank raised their price target on Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group upped their target price 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.00.

Kinross Gold Company 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.