Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Kinross Gold Co. (NYSE:KGC)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,000 shares of the mining company's stock, valued at approximately $436,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capstone Investment Advisors LLC bought a new stake in shares of Kinross Gold in the 3rd quarter worth about $774,000. Mediolanum International Funds Ltd purchased a new stake in Kinross Gold during the fourth quarter worth $2,506,000. Truist Financial Corp grew its stake in Kinross Gold by 48.2% in the fourth quarter. Truist Financial Corp now owns 302,057 shares of the mining company's stock valued at $2,800,000 after purchasing an additional 98,196 shares during the last quarter. Geode Capital Management LLC lifted its position in Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company's stock valued at $54,803,000 after acquiring an additional 828,456 shares during the last quarter. Finally, DJE Kapital AG purchased a new stake in Kinross Gold in the fourth quarter valued at about $3,723,000. Institutional investors own 63.69% of the company's stock.

Kinross Gold Price Performance

Shares of Kinross Gold stock traded down $0.05 during trading hours on Wednesday, reaching $11.13. 17,586,924 shares of the company's stock were exchanged, compared to its average volume of 22,876,127. The company has a market capitalization of $13.67 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1 year low of $5.44 and a 1 year high of $12.28. The business has a fifty day moving average of $10.91 and a two-hundred day moving average of $10.10. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

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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 analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. As a group, research analysts predict that Kinross Gold Co. will post 0.81 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, March 20th. Shareholders of record on Wednesday, March 5th will be given a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.08%. Kinross Gold's dividend payout ratio is currently 15.58%.

Analysts Set New Price Targets

KGC has been the topic of a number of recent analyst reports. CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. StockNews.com cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.63.

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.