Plato Investment Management Ltd purchased a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 288,103 shares of the mining company's stock, valued at approximately $2,699,000.
A number of other large investors have also modified their holdings of KGC. Vanguard Group Inc. raised its holdings in shares of Kinross Gold by 1.1% during the first quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company's stock worth $278,486,000 after purchasing an additional 497,531 shares during the last quarter. Boston Partners grew its position in shares of Kinross Gold by 7.9% in the first quarter. Boston Partners now owns 18,226,824 shares of the mining company's stock valued at $111,730,000 after purchasing an additional 1,328,372 shares during the period. Mackenzie Financial Corp increased its stake in Kinross Gold by 6.2% during the 2nd quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company's stock worth $91,255,000 after buying an additional 643,013 shares in the last quarter. National Bank of Canada FI boosted its stake in Kinross Gold by 31.2% during the 2nd quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company's stock worth $78,946,000 after purchasing an additional 2,267,999 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kinross Gold by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company's stock worth $72,867,000 after buying an additional 1,777,076 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Scotiabank raised their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Finally, StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.00.
Check Out Our Latest Stock Report on Kinross Gold
Kinross Gold Trading Up 1.1 %
KGC stock traded up $0.10 during trading on Thursday, reaching $9.39. 17,725,912 shares of the stock were exchanged, compared to its average volume of 15,459,155. The business has a 50 day moving average price of $9.78 and a 200-day moving average price of $8.78. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $10.82. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 0.47 and a beta of 1.22.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. On average, research analysts predict that Kinross Gold Co. will post 0.69 earnings per share for the current year.
Kinross Gold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.28%. The ex-dividend date is Wednesday, November 27th. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.
Kinross Gold Profile
(
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.
Featured Stories
Before you consider Kinross Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinross Gold wasn't on the list.
While Kinross Gold currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
