Two Sigma Advisers LP Increases Holdings in Kinross Gold Co. (NYSE:KGC)

Two Sigma Advisers LP grew its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 44.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,721,500 shares of the mining company’s stock after buying an additional 843,399 shares during the quarter. Two Sigma Advisers LP’s holdings in Kinross Gold were worth $25,228,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after purchasing an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold during the fourth quarter valued at about $42,000. Global Retirement Partners LLC raised its stake in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after buying an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after buying an additional 5,140 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Stock Up 2.7%

KGC stock opened at $14.34 on Wednesday. The stock has a market capitalization of $17.64 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold Co. has a 1-year low of $7.20 and a 1-year high of $15.96. The business has a fifty day moving average price of $13.55 and a 200-day moving average price of $11.49.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Kinross Gold’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. Equities analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.84%. Kinross Gold’s payout ratio is 12.24%.

Analyst Ratings Changes

Several analysts have weighed in on KGC shares. Raymond James lifted their price objective on Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 4th. Scotiabank raised their target price on shares of Kinross Gold from $16.00 to $17.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 8th. CIBC reissued an “outperform” rating on shares of Kinross Gold in a research report on Tuesday, May 13th. National Bank Financial raised Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, National Bankshares reissued an “outperform” rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $13.90.

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.