Hsbc Holdings PLC Has $20.59 Million Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Hsbc Holdings PLC raised its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 77.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,230,858 shares of the mining company's stock after purchasing an additional 975,147 shares during the quarter. Hsbc Holdings PLC owned approximately 0.18% of Kinross Gold worth $20,587,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KGC. Jones Financial Companies Lllp increased its position in shares of Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after buying an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC grew its holdings in Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Kinross Gold in the 4th quarter valued at about $42,000. Global Retirement Partners LLC boosted its position in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after purchasing an additional 5,140 shares in the last quarter. Institutional investors own 63.69% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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 research report on Thursday, February 13th. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. BMO Capital Markets assumed coverage on Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $13.30.

Kinross Gold Stock Down 1.2 %

Shares of NYSE:KGC opened at $14.49 on Friday. The business's 50 day moving average is $12.43 and its 200 day moving average is $11.01. Kinross Gold Co. has a 12-month low of $6.42 and a 12-month high of $15.46. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 0.68 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. On average, sell-side analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal 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 dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. Kinross Gold's dividend payout ratio is currently 15.58%.

About Kinross Gold

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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