Kinross Gold Co. (NYSE:KGC) Shares Acquired by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd lifted its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,600 shares of the mining company’s stock after purchasing an additional 8,100 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Kinross Gold were worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KGC. Capstone Investment Advisors LLC acquired a new stake in Kinross Gold in the 3rd quarter valued at about $774,000. Mediolanum International Funds Ltd acquired a new stake in Kinross Gold in the 4th quarter valued at about $2,506,000. Truist Financial Corp grew its stake in Kinross Gold by 48.2% in the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock valued at $2,800,000 after acquiring an additional 98,196 shares during the last quarter. Geode Capital Management LLC grew its stake in Kinross Gold by 16.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after acquiring an additional 828,456 shares during the last quarter. Finally, DJE Kapital AG acquired a new stake in Kinross Gold in the 4th quarter valued at about $3,723,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KGC. CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and an average price target of $11.63.

Kinross Gold Trading Up 2.0 %

Shares of KGC stock opened at $11.63 on Friday. The firm has a market cap of $14.29 billion, a P/E ratio of 15.10, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1-year low of $5.44 and a 1-year high of $12.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The firm’s 50-day simple moving average is $11.01 and its 200-day simple moving average is $10.14.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. As a group, equities analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. Kinross Gold’s payout ratio is currently 15.58%.

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.