Maryland State Retirement & Pension System Raises Stock Position in Kinross Gold Co. (NYSE:KGC)

Maryland State Retirement & Pension System grew its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 481,690 shares of the mining company's stock after acquiring an additional 26,500 shares during the period. Maryland State Retirement & Pension System's holdings in Kinross Gold were worth $4,472,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KGC. Signaturefd LLC grew its holdings in Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock valued at $381,000 after buying an additional 865 shares during the last quarter. Schechter Investment Advisors LLC lifted its position in shares of Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock valued at $367,000 after acquiring an additional 1,080 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Kinross Gold by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock valued at $219,000 after acquiring an additional 1,106 shares during the last quarter. Jones Financial Companies Lllp boosted its stake 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 valued at $25,000 after acquiring an additional 1,412 shares during the last quarter. Finally, Cadence Wealth Management LLC increased its position in Kinross Gold by 1.8% during the 4th quarter. Cadence Wealth Management LLC now owns 84,267 shares of the mining company's stock worth $781,000 after purchasing an additional 1,488 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Remove Ads

Kinross Gold Trading Up 0.4 %

NYSE:KGC traded up $0.05 during trading hours on Monday, reaching $12.21. 15,541,509 shares of the company were exchanged, compared to its average volume of 17,246,222. Kinross Gold Co. has a 52-week low of $5.67 and a 52-week high of $12.39. The stock has a 50 day simple moving average of $11.21 and a 200 day simple moving average of $10.27. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.68 and a beta of 1.29. 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 issued its earnings results 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 return on equity of 12.65% and a net margin of 18.43%. As a group, analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's payout ratio is currently 15.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com lowered shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, CIBC increased their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $11.63.

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.