Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 81,600 shares of the mining company's stock, valued at approximately $758,000. Kinross Gold makes up 1.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 11th largest holding.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in shares of Kinross Gold by 244.4% in the 3rd quarter. Citigroup Inc. now owns 433,061 shares of the mining company's stock worth $4,062,000 after purchasing an additional 307,326 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Kinross Gold by 11.9% in the third quarter. Cerity Partners LLC now owns 84,628 shares of the mining company's stock valued at $792,000 after acquiring an additional 8,993 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Kinross Gold by 93.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 24,945 shares of the mining company's stock worth $233,000 after acquiring an additional 12,058 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Kinross Gold by 187.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 74,200 shares of the mining company's stock worth $695,000 after acquiring an additional 48,400 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in Kinross Gold during the 3rd quarter valued at $183,000. Institutional investors own 63.69% of the company's stock.
Kinross Gold Trading Up 1.0 %
Shares of NYSE:KGC traded up $0.13 during midday trading on Monday, hitting $12.62. The company had a trading volume of 17,996,111 shares, compared to its average volume of 17,531,472. The firm has a fifty day simple moving average of $11.40 and a 200 day simple moving average of $10.40. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.68 and a beta of 1.29. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 12 month low of $6.13 and a 12 month high of $12.90.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results 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 return on equity of 12.65% and a net margin of 18.43%. On average, analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.
Kinross Gold Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.95%. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on KGC. CIBC increased their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com lowered shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold currently has a consensus rating of "Buy" and an average target price of $11.63.
Get Our Latest Research Report on KGC
Kinross Gold Company Profile
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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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