Acadian Asset Management LLC decreased its position in shares of Kinross Gold Co. (NYSE:KGC – Free Report) TSE: K by 80.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 630,949 shares of the mining company’s stock after selling 2,572,297 shares during the period. Acadian Asset Management LLC owned about 0.05% of Kinross Gold worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of KGC. S.A. Mason LLC bought a new stake in shares of Kinross Gold during the third quarter valued at approximately $27,000. CWM LLC increased its stake in shares of Kinross Gold by 353.2% in the 3rd quarter. CWM LLC now owns 7,378 shares of the mining company’s stock valued at $34,000 after buying an additional 5,750 shares during the period. Natixis acquired a new stake in shares of Kinross Gold in the 4th quarter valued at $35,000. United Capital Financial Advisers LLC bought a new stake in shares of Kinross Gold during the fourth quarter worth $43,000. Finally, Townsquare Capital LLC acquired a new position in shares of Kinross Gold during the fourth quarter valued at $46,000. 49.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have weighed in on KGC shares. CIBC boosted their price objective on Kinross Gold from $7.00 to $8.15 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Raymond James dropped their price target on shares of Kinross Gold from $6.00 to $5.50 and set a “market perform” rating for the company in a research note on Tuesday, November 28th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a research note on Wednesday, January 3rd. TD Securities upped their target price on shares of Kinross Gold from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Finally, StockNews.com lowered Kinross Gold from a “buy” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.
View Our Latest Analysis on KGC
Kinross Gold Stock Up 1.0 %
Shares of Kinross Gold stock opened at $4.98 on Monday. Kinross Gold Co. has a 1 year low of $3.40 and a 1 year high of $6.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. The company has a market capitalization of $6.11 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. The business has a 50-day moving average of $5.58 and a two-hundred day moving average of $5.32.
Kinross Gold (NYSE:KGC – Get Free Report) TSE: K last posted its earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. Kinross Gold’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. As a group, equities analysts predict that Kinross Gold Co. will post 0.36 EPS for the current year.
Kinross Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Wednesday, March 6th will be given a $0.03 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.12 annualized dividend and a yield of 2.41%. Kinross Gold’s dividend payout ratio is currently 35.29%.
Kinross Gold Profile
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
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Read More:Acadian Asset Management LLC Has $2.88 Million Stake in Kinross Gold Co. (NYSE:KGC)
2024-02-26 11:23:33
