16,910 Shares in Kinross Gold Co. (NYSE:KGC) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP purchased a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,910 shares of the mining company’s stock, valued at approximately $157,000.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank purchased a new position in Kinross Gold during the fourth quarter valued at $280,697,000. Renaissance Technologies LLC boosted its stake in shares of Kinross Gold by 10.9% during the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company’s stock valued at $304,633,000 after purchasing an additional 3,224,455 shares during the period. Mediolanum International Funds Ltd purchased a new stake in shares of Kinross Gold during the fourth quarter valued at $2,506,000. Truist Financial Corp raised its holdings in shares of Kinross Gold by 48.2% in the fourth 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 in the last quarter. Finally, DJE Kapital AG bought a new stake in shares of Kinross Gold in the fourth quarter valued at about $3,723,000. 63.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KGC shares. National Bankshares reaffirmed an “outperform” rating on shares of Kinross Gold in a report on Wednesday, April 23rd. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Raymond James lifted their price objective on Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 4th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 18th. Finally, Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Kinross Gold currently has an average rating of “Buy” and a consensus price target of $13.30.

Kinross Gold Trading Up 2.0 %

Shares of Kinross Gold stock opened at $14.78 on Tuesday. The stock has a market cap of $18.19 billion, a P/E ratio of 19.20, a P/E/G ratio of 0.68 and a beta of 1.12. The stock’s 50 day simple moving average is $12.50 and its 200-day simple moving average is $11.05. Kinross Gold Co. has a 1-year low of $6.42 and a 1-year high of $15.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

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

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

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.