Kinross Gold Co. (NYSE:KGC) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI boosted its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,612,585 shares of the mining company's stock after purchasing an additional 70,376 shares during the period. National Bank of Canada FI owned about 0.78% of Kinross Gold worth $90,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlas Capital Advisors LLC acquired a new stake in Kinross Gold during the 2nd quarter valued at $40,000. Fifth Third Bancorp boosted its stake in shares of Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock valued at $80,000 after acquiring an additional 9,375 shares during the last quarter. Blue Trust Inc. increased its position in Kinross Gold by 113.1% during the 2nd quarter. Blue Trust Inc. now owns 11,327 shares of the mining company's stock worth $94,000 after purchasing an additional 6,011 shares in the last quarter. Corundum Trust Company INC purchased a new position in Kinross Gold in the 3rd quarter valued at about $94,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold during the 3rd quarter worth about $94,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Down 1.5 %

KGC stock traded down $0.15 on Friday, hitting $9.75. 13,222,973 shares of the company were exchanged, compared to its average volume of 16,404,099. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.21. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82. The business's fifty day moving average is $9.94 and its two-hundred day moving average is $9.08.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.12 EPS. The business's revenue for the quarter was up 29.9% on a year-over-year basis. As a group, research analysts forecast that Kinross Gold Co. will post 0.7 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. Kinross Gold's dividend payout ratio (DPR) is 19.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Scotiabank boosted their price target on Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Finally, StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $11.13.

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.