JPMorgan Chase & Co. lifted its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,438,786 shares of the mining company's stock after purchasing an additional 1,793,065 shares during the quarter. JPMorgan Chase & Co. owned about 1.09% of Kinross Gold worth $124,578,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in KGC. Jones Financial Companies Lllp increased its holdings in shares of Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Kinross Gold by 30.4% in the fourth 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. bought a new stake in shares of Kinross Gold during the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after buying an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after acquiring an additional 5,140 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.
Analyst Ratings Changes
KGC has been the subject of several recent analyst reports. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James increased their target price on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, CIBC lifted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $12.30.
Check Out Our Latest Report on KGC
Kinross Gold Stock Down 6.7 %
Shares of KGC stock traded down $0.86 on Friday, reaching $11.84. 36,493,760 shares of the stock were exchanged, compared to its average volume of 17,618,870. The business's 50 day moving average price is $11.60 and its 200 day moving average price is $10.50. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a twelve month low of $6.20 and a twelve month high of $12.90. 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 (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. As a group, sell-side analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.
Kinross Gold Dividend Announcement
The business 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 1.01%. Kinross Gold's payout ratio is currently 15.58%.
Kinross Gold Company Profile
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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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