Public Employees Retirement System of Ohio acquired a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 219,477 shares of the mining company's stock, valued at approximately $2,056,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Atlas Capital Advisors LLC bought a new position in shares of Kinross Gold in the 2nd quarter worth $40,000. Fifth Third Bancorp raised its position 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 valued at $80,000 after purchasing an additional 9,375 shares in the last quarter. Corundum Trust Company INC bought a new stake in Kinross Gold during the third quarter worth about $94,000. OneDigital Investment Advisors LLC purchased a new position in shares of Kinross Gold in the 3rd quarter worth about $94,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Kinross Gold during the 3rd quarter valued at about $95,000. 63.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on KGC. Jefferies Financial Group upped their target price on Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $11.13.
View Our Latest Research Report on Kinross Gold
Kinross Gold Trading Down 2.0 %
NYSE:KGC opened at $9.57 on Wednesday. The firm has a market capitalization of $11.76 billion, a P/E ratio of 15.68, a P/E/G ratio of 0.44 and a beta of 1.21. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $10.01 and a 200 day moving average of $9.18.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $0.12 earnings per share. Kinross Gold's revenue for the quarter was up 29.9% on a year-over-year basis. On average, research analysts predict that Kinross Gold Co. will post 0.7 earnings per share for the current year.
Kinross Gold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.
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.
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![Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=KGC)
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