Up Capital Management Inc. bought a new position in shares of Kinross Gold Corporation (NYSE:KGC – Free Report) (TSE:K) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 193,252 shares of the mining company’s stock, valued at approximately $5,442,000. Kinross Gold accounts for approximately 4.9% of Up Capital Management Inc.’s portfolio, making the stock its 8th largest holding.
Several other institutional investors also recently bought and sold shares of KGC. Parallel Advisors LLC lifted its holdings in Kinross Gold by 3.2% in the fourth quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company’s stock valued at $262,000 after acquiring an additional 292 shares during the period. Turning Point Benefit Group Inc. boosted its position in Kinross Gold by 6.6% in the 4th quarter. Turning Point Benefit Group Inc. now owns 6,315 shares of the mining company’s stock worth $178,000 after purchasing an additional 393 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Kinross Gold by 2.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 22,569 shares of the mining company’s stock worth $636,000 after purchasing an additional 473 shares during the period. Armstrong Advisory Group Inc. grew its stake in shares of Kinross Gold by 32.9% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,950 shares of the mining company’s stock worth $55,000 after purchasing an additional 483 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Kinross Gold by 2.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company’s stock valued at $629,000 after purchasing an additional 521 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.
Kinross Gold Trading Down 0.0%
Shares of KGC opened at $26.66 on Friday. Kinross Gold Corporation has a 52-week low of $14.71 and a 52-week high of $39.11. The company has a quick ratio of 1.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $29.76 and its two-hundred day moving average is $30.91. The stock has a market cap of $31.80 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.94 and a beta of 0.71.
Kinross Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, May 21st. Kinross Gold’s dividend payout ratio is currently 6.78%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Weiss Ratings cut shares of Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. UBS Group dropped their price target on shares of Kinross Gold from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Royal Bank Of Canada raised shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $36.00 to $45.00 in a report on Thursday, March 12th. Wall Street Zen downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 24th. Finally, Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Kinross Gold currently has a consensus rating of “Moderate Buy” and an average target price of $38.81.
View Our Latest Report on Kinross Gold
About Kinross Gold
Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.
Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.
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