Kinross Gold Co. (NYSE:KGC) Short Interest Update

Kinross Gold Co. (NYSE:KGC) (TSE:K) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 11,510,000 shares, an increase of 8.2% from the January 15th total of 10,640,000 shares. Based on an average trading volume of 18,940,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.9% of the shares of the stock are sold short.

Kinross Gold Stock Down 0.6 %

Shares of NYSE:KGC traded down $0.07 during trading on Tuesday, hitting $11.21. The company’s stock had a trading volume of 3,289,928 shares, compared to its average volume of 21,586,834. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold has a fifty-two week low of $4.75 and a fifty-two week high of $12.28. The stock’s 50-day moving average price is $10.39 and its two-hundred day moving average price is $9.84. The company has a market capitalization of $13.77 billion, a PE ratio of 18.32, a PEG ratio of 0.67 and a beta of 1.24.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. As a group, sell-side analysts expect that Kinross Gold will post 0.73 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s payout ratio is currently 19.67%.

Institutional Trading of Kinross Gold

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after buying an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after purchasing an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC raised its position in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares during the period. Finally, Avior Wealth Management LLC raised its position in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $11.63.

About Kinross Gold

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.