2 weeks Ago By Defense World Staff
Cerity Partners LLC cut its holdings in shares of Kinross Gold Co. ( NYSE:KGC – Free Report ) (TSE:K) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 75,553 shares of the mining company’s stock after selling 9,075 shares during the period. Cerity Partners LLC’s holdings in Kinross Gold were worth $703,000 at the end of the most recent quarter. A number of other institutional investors have also recently added to or reduced their stakes in the business.
Van ECK Associates Corp raised its position in shares of Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock worth $1,078,330,000 after acquiring an additional 44,610,091 shares in the last quarter.
Norges Bank bought a new stake in Kinross Gold in the fourth quarter worth approximately $280,697,000. First Eagle Investment Management LLC lifted its stake in Kinross Gold by 80.9% in the fourth quarter.
First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock valued at $116,898,000 after buying an additional 5,639,383 shares during the period. Hillsdale Investment Management Inc. lifted its stake in Kinross Gold by 174.
6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company’s stock valued at $30,141,000 after buying an additional 2,065,693 shares during the period.
Finally, Geode Capital Management LLC increased its stake in shares of Kinross Gold by 34.1% in the 4th quarter. Geode Capital Management LLC now owns 7,682,835 shares of the mining company’s stock valued at $74,128,000 after acquiring an additional 1,952,552 shares in the last quarter.
63.69% of the stock is owned by institutional investors. Analyst Ratings Changes Several equities research analysts have weighed in on KGC shares.
StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday. Scotiabank reiterated an “outperform” rating on shares of Kinross Gold in a report on Monday, April 14th.
Raymond James boosted their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 4th.
Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, CIBC boosted their target price on shares of Kinross Gold from $13.00 to $14.
00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.
com, Kinross Gold presently has a consensus rating of “Buy” and a consensus target price of $13.30. Kinross Gold Stock Down 1.
6 % Shares of NYSE KGC opened at $14.80 on Monday. The business has a 50-day moving average of $12.
11 and a 200-day moving average of $10.83. The firm has a market capitalization of $18.
21 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.68 and a beta of 1.
12. The company has a current ratio of 2.01, a quick ratio of 0.
83 and a debt-to-equity ratio of 0.18. Kinross Gold Co.
has a 12 month low of $6.34 and a 12 month high of $15.34.
Kinross Gold ( NYSE:KGC – Get Free Report ) (TSE:K) last released its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
23 by ($0.03). Kinross Gold had a return on equity of 12.
65% and a net margin of 18.43%. Sell-side analysts expect that Kinross Gold Co.
will post 0.81 earnings per share for the current fiscal year. Kinross Gold Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th.
Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th.
This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%.
Kinross Gold’s dividend payout ratio is currently 15.58%. Kinross Gold Company Profile ( Free Report ) 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. See Also Five stocks we like better than Kinross Gold 5 Top Rated Dividend Stocks to Consider With a 60%+ Upside, There’s Plenty to Love About Lovesac What is a SEC Filing? J.B.
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