Signaturefd LLC Boosts Stake in Kinross Gold Co. (NYSE:KGC)

Signaturefd LLC increased its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,585 shares of the mining company’s stock after acquiring an additional 3,048 shares during the quarter. Signaturefd LLC’s holdings in Kinross Gold were worth $258,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Kinross Gold by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 44,404,283 shares of the mining company’s stock worth $202,484,000 after purchasing an additional 463,035 shares during the last quarter. Boston Partners increased its stake in shares of Kinross Gold by 96.1% in the 3rd quarter. Boston Partners now owns 11,736,328 shares of the mining company’s stock worth $53,518,000 after acquiring an additional 5,752,397 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Kinross Gold by 13.3% during the 4th quarter. Mackenzie Financial Corp now owns 10,593,655 shares of the mining company’s stock worth $64,151,000 after acquiring an additional 1,239,966 shares during the period. American Century Companies Inc. boosted its position in shares of Kinross Gold by 24.9% during the 3rd quarter. American Century Companies Inc. now owns 8,046,094 shares of the mining company’s stock valued at $36,680,000 after acquiring an additional 1,603,951 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Kinross Gold by 14.3% in the third quarter. Gabelli Funds LLC now owns 4,965,900 shares of the mining company’s stock valued at $22,645,000 after purchasing an additional 622,000 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KGC. StockNews.com upgraded shares of Kinross Gold from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Jefferies Financial Group upped their price target on Kinross Gold from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. TheStreet downgraded Kinross Gold from a “b” rating to a “c+” rating in a research report on Friday, February 16th. Finally, CIBC boosted their price objective on shares of Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Kinross Gold currently has an average rating of “Moderate Buy” and an average price target of $6.44.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $6.75 on Friday. 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 stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The business has a 50-day moving average of $5.83 and a 200 day moving average of $5.65. Kinross Gold Co. has a 12 month low of $4.32 and a 12 month high of $6.87.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.04 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, sell-side analysts forecast that Kinross Gold Co. will post 0.4 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is currently 35.29%.

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.