Entropy Technologies LP Buys New Holdings in Kinross Gold Co. (NYSE:KGC)

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

Other large investors have also made changes to their positions in the company. Anthracite Investment Company Inc. boosted its holdings in shares of Kinross Gold by 40.2% in the 1st quarter. Anthracite Investment Company Inc. now owns 140,241 shares of the mining company's stock valued at $860,000 after purchasing an additional 40,241 shares in the last quarter. Te Ahumairangi Investment Management Ltd raised its stake in Kinross Gold by 9.8% during the first quarter. Te Ahumairangi Investment Management Ltd now owns 422,100 shares of the mining company's stock worth $2,592,000 after acquiring an additional 37,700 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Kinross Gold in the first quarter worth about $3,199,000. Intech Investment Management LLC bought a new position in shares of Kinross Gold in the first quarter worth about $202,000. Finally, Vanguard Group Inc. boosted its stake in shares of Kinross Gold by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company's stock valued at $278,486,000 after purchasing an additional 497,531 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Trading Up 1.1 %

NYSE KGC traded up $0.10 on Thursday, reaching $9.39. The company had a trading volume of 17,725,912 shares, compared to its average volume of 15,459,155. The firm 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. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $10.82. The business has a 50 day moving average of $9.78 and a two-hundred day moving average of $8.78.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued 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. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business's quarterly revenue was up 29.9% on a year-over-year basis. Analysts forecast that Kinross Gold Co. will post 0.69 EPS for the current year.

Kinross Gold Announces Dividend

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

Wall Street Analyst Weigh In

KGC has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Friday, October 4th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. Finally, Scotiabank upped their target price on Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Two research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

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.