Shares of Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K gapped up prior to trading on Tuesday . The stock had previously closed at $10.74, but opened at $10.99. Kinross Gold shares last traded at $10.75, with a volume of 2,612,509 shares trading hands.
Wall Street Analysts Forecast Growth
KGC has been the subject of several analyst reports. StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. CIBC upped their price target 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $11.63.
Read Our Latest Stock Report on Kinross Gold
Kinross Gold Stock Up 0.1 %
The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.68 and a beta of 1.29. The firm's fifty day moving average is $10.84 and its 200-day moving average is $10.08. 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 (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly 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 net margin of 18.43% and a return on equity of 12.65%. On average, sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.
Kinross Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued 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 dividend yield of 1.08%. Kinross Gold's dividend payout ratio (DPR) is 15.58%.
Institutional Trading of Kinross Gold
Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp raised its holdings 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 purchasing an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold during the fourth quarter worth $42,000. Global Retirement Partners LLC raised its holdings in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after purchasing an additional 4,788 shares during the period. Finally, Avior Wealth Management LLC raised its holdings in shares of Kinross Gold by 246.3% during 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 during the period. 63.69% of the stock is owned by institutional investors and hedge funds.
About Kinross Gold
(
Get 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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