Kinross Gold Corporation $KGC Shares Sold by Andra AP fonden

Andra AP fonden lessened its stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,388,700 shares of the mining company’s stock after selling 154,300 shares during the period. Andra AP fonden’s holdings in Kinross Gold were worth $39,106,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KGC. Caitlin John LLC acquired a new position in Kinross Gold in the 3rd quarter valued at about $26,000. V Square Quantitative Management LLC acquired a new position in Kinross Gold in the 4th quarter valued at about $26,000. Financial Management Professionals Inc. acquired a new position in Kinross Gold in the 4th quarter valued at about $26,000. Virtus Advisers LLC acquired a new position in Kinross Gold in the 3rd quarter valued at about $28,000. Finally, Harvest Fund Management Co. Ltd increased its position in Kinross Gold by 85.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock valued at $32,000 after acquiring an additional 589 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KGC shares. Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Weiss Ratings cut Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 24th. UBS Group dropped their target price on Kinross Gold from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Kinross Gold currently has an average rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold Stock Performance

KGC opened at $24.82 on Friday. The stock has a market cap of $29.60 billion, a P/E ratio of 10.52, a P/E/G ratio of 0.84 and a beta of 0.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.84 and a quick ratio of 1.83. The stock’s 50 day simple moving average is $30.35 and its 200 day simple moving average is $30.95. Kinross Gold Corporation has a 1-year low of $14.71 and a 1-year high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The company’s revenue was up 60.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. As a group, equities analysts anticipate that Kinross Gold Corporation will post 2.91 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.04 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Kinross Gold’s dividend payout ratio is currently 6.78%.

Kinross Gold Profile

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.