Freedom Investment Management Inc. acquired a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 61,963 shares of the mining company's stock, valued at approximately $580,000.
A number of other large investors also recently modified their holdings of the company. Artemis Investment Management LLP grew its holdings in Kinross Gold by 321.5% during the 2nd quarter. Artemis Investment Management LLP now owns 6,695,496 shares of the mining company's stock valued at $55,707,000 after buying an additional 5,107,120 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Kinross Gold by 634.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company's stock valued at $36,971,000 after acquiring an additional 3,405,478 shares in the last quarter. National Bank of Canada FI increased its holdings in Kinross Gold by 31.2% in the 2nd quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company's stock valued at $78,946,000 after acquiring an additional 2,267,999 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Kinross Gold by 64.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,749,480 shares of the mining company's stock worth $29,115,000 after purchasing an additional 1,856,478 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Kinross Gold by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company's stock valued at $72,867,000 after purchasing an additional 1,777,076 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.
Kinross Gold Trading Down 0.9 %
NYSE KGC traded down $0.09 during trading hours on Friday, hitting $9.71. 11,778,128 shares of the company were exchanged, compared to its average volume of 17,617,684. The stock has a market cap of $11.93 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.44 and a beta of 1.22. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. The stock has a 50-day moving average price of $9.93 and a 200 day moving average price of $9.01. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its 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. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. Analysts forecast that Kinross Gold Co. will post 0.7 earnings per share for the current fiscal year.
Kinross Gold Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on KGC shares. Jefferies Financial Group lifted their target price on Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, October 4th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 9th. Finally, Scotiabank increased their target price on Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $11.13.
View Our Latest 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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