Kinross Gold Co. (NYSE:KGC) Short Interest Update

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 11,890,000 shares, a growth of 22.5% from the February 28th total of 9,710,000 shares. Based on an average daily volume of 21,070,000 shares, the short-interest ratio is presently 0.6 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Trading of Kinross Gold

A number of large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Kinross Gold during the 4th quarter worth approximately $280,697,000. Mediolanum International Funds Ltd acquired a new position in shares of Kinross Gold during the fourth quarter worth $2,506,000. Truist Financial Corp increased its holdings 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 buying an additional 98,196 shares during the last quarter. Geode Capital Management LLC raised its stake in Kinross Gold by 16.9% in 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 buying an additional 828,456 shares in the last quarter. Finally, DJE Kapital AG purchased a new stake in Kinross Gold during the 4th quarter worth about $3,723,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on KGC shares. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. CIBC upped 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. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday. Raymond James raised their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday. Finally, Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $12.30.

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Kinross Gold Trading Up 0.2 %

Shares of KGC traded up $0.02 during midday trading on Monday, hitting $11.81. 16,559,093 shares of the stock were exchanged, compared to its average volume of 17,618,414. The firm has a market cap of $14.54 billion, a P/E ratio of 15.34, a P/E/G ratio of 0.68 and a beta of 1.12. Kinross Gold has a 52-week low of $6.20 and a 52-week high of $12.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The stock has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $10.50.

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 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, research analysts anticipate that Kinross Gold will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is presently 15.58%.

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.