Prudential PLC acquired a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 29,092 shares of the mining company's stock, valued at approximately $270,000.
Several other hedge funds and other institutional investors have also bought and sold shares of KGC. Van ECK Associates Corp raised its position in shares of Kinross Gold by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after buying an additional 44,610,091 shares in the last quarter. Norges Bank acquired a new position in Kinross Gold in the 4th quarter worth about $280,697,000. First Eagle Investment Management LLC raised its position in Kinross Gold by 80.9% in the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after purchasing an additional 5,639,383 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Kinross Gold by 174.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company's stock valued at $30,141,000 after purchasing an additional 2,065,693 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Kinross Gold by 34.1% in the fourth quarter. Geode Capital Management LLC now owns 7,682,835 shares of the mining company's stock valued at $74,128,000 after buying an additional 1,952,552 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on KGC. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 4th. Raymond James lifted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 4th. CIBC boosted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $12.30.
View Our Latest Analysis on Kinross Gold
Kinross Gold Stock Performance
KGC traded up $0.23 during trading hours on Monday, hitting $14.61. The stock had a trading volume of 4,853,200 shares, compared to its average volume of 17,681,397. Kinross Gold Co. has a 1 year low of $6.20 and a 1 year high of $14.65. The company's fifty day simple moving average is $11.83 and its 200 day simple moving average is $10.65. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The stock has a market cap of $17.98 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data 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%. Equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.
Kinross Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.82%. Kinross Gold's dividend payout ratio is presently 15.58%.
About Kinross Gold
(
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.
Further Reading
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