Deutsche Bank AG Has $43.93 Million Position in Kinross Gold Co. (NYSE:KGC)

Deutsche Bank AG reduced its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,738,861 shares of the mining company’s stock after selling 1,245,801 shares during the period. Deutsche Bank AG owned about 0.39% of Kinross Gold worth $43,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of KGC. Jones Financial Companies Lllp increased its stake in Kinross Gold by 109.3% in the 4th 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 during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after buying an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold in the 4th quarter valued at approximately $42,000. Global Retirement Partners LLC boosted its holdings in shares of Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after buying an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after buying an additional 5,140 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Performance

NYSE KGC opened at $13.77 on Wednesday. The firm has a 50-day moving average of $13.28 and a 200-day moving average of $11.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The stock has a market cap of $16.94 billion, a PE ratio of 17.88, a P/E/G ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a 52-week low of $7.20 and a 52-week high of $15.96.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Kinross Gold’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. On average, sell-side analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, May 29th. Kinross Gold’s dividend payout ratio is 12.24%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KGC shares. CIBC increased their price objective on Kinross Gold from $14.00 to $16.00 and gave the company an “outperformer” rating in a report on Tuesday. National Bank Financial raised Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank boosted their price target on Kinross Gold from $16.00 to $17.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 8th. Raymond James boosted their price target on Kinross Gold from $12.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 4th. Finally, BMO Capital Markets began coverage on Kinross Gold in a research report on Wednesday, April 16th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $13.90.

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.