ExodusPoint Capital Management LP decreased its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,045,452 shares of the mining company's stock after selling 124,849 shares during the period. ExodusPoint Capital Management LP owned 0.09% of Kinross Gold worth $9,691,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of KGC. Norges Bank acquired a new stake in shares of Kinross Gold during the fourth quarter worth $280,697,000. Mediolanum International Funds Ltd purchased a new stake in Kinross Gold in the 4th quarter valued at about $2,506,000. Truist Financial Corp increased its stake in shares of Kinross Gold by 48.2% during the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company's stock valued at $2,800,000 after acquiring an additional 98,196 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kinross Gold by 16.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company's stock worth $54,803,000 after acquiring an additional 828,456 shares during the period. Finally, DJE Kapital AG acquired a new position in shares of Kinross Gold in the 4th quarter valued at $3,723,000. Institutional investors and hedge funds own 63.69% of the company's stock.
Kinross Gold Stock Up 4.6 %
NYSE KGC traded up $0.60 during trading on Thursday, reaching $13.62. 11,916,765 shares of the company's stock were exchanged, compared to its average volume of 17,674,763. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a fifty-two week low of $6.20 and a fifty-two week high of $13.80. The company's fifty day simple moving average is $11.73 and its 200-day simple moving average is $10.59. The firm has a market capitalization of $16.76 billion, a PE ratio of 17.65, a P/E/G 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 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Sell-side analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.
Kinross Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is currently 15.58%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 4th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James raised 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, April 4th. Finally, CIBC raised their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $12.30.
View Our Latest Stock Analysis on Kinross Gold
About Kinross Gold
(
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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