PCJ Investment Counsel Ltd. Has $3.19 Million Holdings in Kinross Gold Co. (NYSE:KGC)

PCJ Investment Counsel Ltd. increased its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 96.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 340,220 shares of the mining company's stock after purchasing an additional 166,830 shares during the quarter. Kinross Gold comprises about 1.0% of PCJ Investment Counsel Ltd.'s portfolio, making the stock its 29th biggest holding. PCJ Investment Counsel Ltd.'s holdings in Kinross Gold were worth $3,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new position in shares of Kinross Gold during the 2nd quarter valued at $40,000. Bright Futures Wealth Management LLC. bought a new stake in Kinross Gold during the first quarter worth approximately $70,000. Fifth Third Bancorp lifted its holdings in Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock worth $80,000 after buying an additional 9,375 shares during the period. Blue Trust Inc. raised its stake in Kinross Gold by 113.1% in the 2nd quarter. Blue Trust Inc. now owns 11,327 shares of the mining company's stock worth $94,000 after acquiring an additional 6,011 shares during the last quarter. Finally, Corundum Trust Company INC purchased a new position in Kinross Gold in the 3rd quarter valued at about $94,000. Institutional investors and hedge funds own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

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

Kinross Gold Price Performance

Shares of NYSE:KGC traded down $0.05 during trading on Wednesday, reaching $9.95. The stock had a trading volume of 9,623,188 shares, compared to its average volume of 15,485,538. The business's 50-day moving average price is $9.86 and its 200 day moving average price is $8.88. The stock has a market capitalization of $12.23 billion, a PE ratio of 16.39, a P/E/G ratio of 0.48 and a beta of 1.22. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm's quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. As a group, equities analysts predict that Kinross Gold Co. will post 0.69 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be issued a dividend of $0.03 per share. 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 1.21%. Kinross Gold's payout ratio is currently 19.67%.

Kinross Gold 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.