DJE Kapital AG reduced its stake in Kinross Gold Corporation (NYSE:KGC – Free Report) (TSE:K) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,146 shares of the mining company’s stock after selling 44,400 shares during the quarter. DJE Kapital AG’s holdings in Kinross Gold were worth $6,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Kinross Gold during the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. bought a new position in shares of Kinross Gold in the 4th quarter worth $26,000. Ascentis Independent Advisors purchased a new stake in shares of Kinross Gold during the 1st quarter valued at $29,000. Virtus Advisers LLC purchased a new stake in shares of Kinross Gold during the 3rd quarter valued at $28,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Kinross Gold during the 4th quarter valued at $36,000. 63.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Scotiabank cut their target price on shares of Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Jefferies Financial Group lowered their price target on Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. UBS Group dropped their price target on Kinross Gold from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada cut their price objective on Kinross Gold from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.31.
Kinross Gold Trading Down 0.3%
Shares of KGC opened at $22.50 on Tuesday. The firm has a market cap of $26.69 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.61 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.84. Kinross Gold Corporation has a fifty-two week low of $15.37 and a fifty-two week high of $39.11. The firm has a 50 day moving average price of $26.28 and a 200-day moving average price of $30.31.
Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) last announced its quarterly earnings data on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The firm’s revenue was up 60.8% on a year-over-year basis. As a group, equities research analysts forecast that Kinross Gold Corporation will post 2.65 earnings per share for the current year.
Kinross Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.16 annualized dividend and a yield of 0.7%. Kinross Gold’s payout ratio is currently 6.78%.
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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