Trexquant Investment LP grew its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 144.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,023,864 shares of the mining company's stock after acquiring an additional 1,196,355 shares during the quarter. Trexquant Investment LP owned about 0.16% of Kinross Gold worth $18,761,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in Kinross Gold by 109.3% during 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 increased its position 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC lifted its holdings 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 acquiring an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in 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 purchasing an additional 5,140 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.
Kinross Gold Stock Down 6.7 %
Shares of Kinross Gold stock traded down $0.86 during trading on Friday, reaching $11.84. The company had a trading volume of 36,493,760 shares, compared to its average volume of 17,618,870. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a fifty-two week low of $6.20 and a fifty-two week high of $12.90. The firm's fifty day moving average is $11.60 and its 200-day moving average is $10.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 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, analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.
Kinross Gold Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC increased their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Raymond James lifted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday. Finally, National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Kinross Gold has an average rating of "Buy" and an average target price of $12.30.
View Our Latest Stock Report on KGC
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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