Intact Investment Management Inc. increased its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 4,059.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,510,040 shares of the mining company's stock after acquiring an additional 1,473,740 shares during the period. Intact Investment Management Inc. owned about 0.12% of Kinross Gold worth $14,022,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of KGC. Schechter Investment Advisors LLC raised its stake in shares of Kinross Gold by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock worth $367,000 after purchasing an additional 1,080 shares in the last quarter. Atomi Financial Group Inc. increased its position in Kinross Gold by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock worth $219,000 after buying an additional 1,106 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,412 shares during the period. Blue Trust Inc. raised its position in shares of Kinross Gold by 9.6% in the fourth quarter. Blue Trust Inc. now owns 23,411 shares of the mining company's stock valued at $219,000 after purchasing an additional 2,060 shares during the period. Finally, Louisbourg Investments Inc. raised its holdings in Kinross Gold by 1.0% in the 4th quarter. Louisbourg Investments Inc. now owns 282,500 shares of the mining company's stock valued at $2,622,000 after acquiring an additional 2,700 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on KGC. CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $11.63.
Get Our Latest Stock Analysis on Kinross Gold
Kinross Gold Price Performance
NYSE:KGC traded down $0.02 during mid-day trading on Tuesday, reaching $12.01. The stock had a trading volume of 19,163,660 shares, compared to its average volume of 17,176,407. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold Co. has a 12 month low of $5.44 and a 12 month high of $12.39. The stock has a market capitalization of $14.76 billion, a PE ratio of 15.59, a P/E/G ratio of 0.68 and a beta of 1.29. The stock has a 50-day simple moving average of $11.06 and a two-hundred day simple moving average of $10.18.
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 (EPS) 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%. On average, equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.
Kinross Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.00%. Kinross Gold's dividend payout ratio is currently 15.58%.
Kinross Gold Profile
(
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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