Triumph Capital Management boosted its stake in shares of Kinross Gold Corporation (NYSE:KGC – Free Report) (TSE:K) by 20,428.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,244 shares of the mining company’s stock after acquiring an additional 17,160 shares during the quarter. Triumph Capital Management’s holdings in Kinross Gold were worth $407,000 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. Boston Partners lifted its position in Kinross Gold by 1.6% in the third quarter. Boston Partners now owns 45,120,345 shares of the mining company’s stock valued at $1,133,463,000 after purchasing an additional 707,498 shares during the last quarter. FIL Ltd grew its holdings in shares of Kinross Gold by 4.8% in the fourth quarter. FIL Ltd now owns 29,146,959 shares of the mining company’s stock worth $820,969,000 after purchasing an additional 1,326,833 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Kinross Gold by 2.3% in the first quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company’s stock worth $779,677,000 after buying an additional 571,100 shares during the period. Norges Bank purchased a new position in shares of Kinross Gold in the fourth quarter worth $518,656,000. Finally, Man Group plc raised its holdings in Kinross Gold by 47.8% during the 2nd quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock valued at $261,646,000 after buying an additional 5,411,491 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.
Kinross Gold Stock Performance
Kinross Gold stock opened at $29.40 on Wednesday. The stock’s 50 day simple moving average is $25.96 and its two-hundred day simple moving average is $29.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 2.89. The stock has a market cap of $34.83 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.83 and a beta of 0.84. Kinross Gold Corporation has a fifty-two week low of $20.83 and a fifty-two week high of $39.11.
Kinross Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.04 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Kinross Gold’s dividend payout ratio is 6.06%.
Wall Street Analyst Weigh In
KGC has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, July 6th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 31st. Weiss Ratings lowered shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Zacks Research cut Kinross Gold from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Scotiabank dropped their price objective on Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.43.
Read Our Latest Analysis 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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