XTX Topco Ltd Makes New Investment in Kinross Gold Co. (NYSE:KGC)

XTX Topco Ltd bought a new stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 83,651 shares of the mining company's stock, valued at approximately $783,000.

A number of other large investors have also added to or reduced their stakes in KGC. Capstone Investment Advisors LLC bought a new position in shares of Kinross Gold during the 3rd quarter valued at about $774,000. Gabelli Funds LLC grew its position in Kinross Gold by 3.9% during the second quarter. Gabelli Funds LLC now owns 5,194,500 shares of the mining company's stock valued at $43,218,000 after acquiring an additional 194,700 shares during the last quarter. International Assets Investment Management LLC bought a new position in Kinross Gold during the third quarter valued at approximately $780,000. Raymond James & Associates raised its stake in shares of Kinross Gold by 25.7% during the third quarter. Raymond James & Associates now owns 340,395 shares of the mining company's stock worth $3,186,000 after acquiring an additional 69,520 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kinross Gold by 5.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,267,312 shares of the mining company's stock valued at $124,276,000 after purchasing an additional 642,007 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KGC. Jefferies Financial Group lifted their price objective on Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, October 4th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. Finally, 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 report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $11.13.

Kinross Gold Trading Down 4.8 %

NYSE:KGC traded down $0.51 during mid-day trading on Thursday, reaching $10.05. 16,824,319 shares of the company's stock traded hands, compared to its average volume of 15,490,455. The company has a 50 day moving average price of $9.98 and a 200-day moving average price of $9.12. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.45 and a beta of 1.21. 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 Co. has a 12-month low of $4.75 and a 12-month high of $10.82.

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 (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. The business's revenue was up 29.9% compared to the same quarter last year. On average, sell-side analysts predict that Kinross Gold Co. will post 0.7 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. Stockholders of record on Thursday, November 28th will be given a $0.03 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.19%. Kinross Gold's dividend payout ratio is 19.67%.

About Kinross Gold

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.