Kinross Gold Corporation $KGC Stock Position Lifted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,920,099 shares of the mining company’s stock after buying an additional 273,042 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Kinross Gold were worth $110,390,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in Kinross Gold by 203.0% during the 2nd quarter. Osaic Holdings Inc. now owns 152,755 shares of the mining company’s stock worth $2,388,000 after buying an additional 102,348 shares during the last quarter. U S Global Investors Inc. raised its position in shares of Kinross Gold by 60.5% during the 3rd quarter. U S Global Investors Inc. now owns 417,334 shares of the mining company’s stock worth $10,371,000 after purchasing an additional 157,334 shares during the period. Dynasty Wealth Management LLC raised its position in shares of Kinross Gold by 185.4% during the 3rd quarter. Dynasty Wealth Management LLC now owns 226,215 shares of the mining company’s stock worth $5,621,000 after purchasing an additional 146,955 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kinross Gold during the 3rd quarter worth approximately $1,253,000. Finally, Ninety One North America Inc. acquired a new stake in shares of Kinross Gold during the 3rd quarter worth approximately $13,438,000. Institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce set a $54.00 price target on Kinross Gold in a research report on Wednesday, February 4th. TD Securities dropped their price target on Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research cut Kinross Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Scotiabank increased their price target on Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada upgraded Kinross Gold from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $36.00 to $45.00 in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.81.

Kinross Gold Trading Down 0.6%

NYSE:KGC opened at $33.57 on Tuesday. The stock has a market cap of $40.08 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.65 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 2.35. Kinross Gold Corporation has a 1 year low of $13.28 and a 1 year high of $39.11. The business has a fifty day moving average of $32.35 and a 200-day moving average of $29.42.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 18th. The mining company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.05 billion. Kinross Gold had a return on equity of 28.22% and a net margin of 33.90%.The company’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Equities analysts predict that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 11th. Kinross Gold’s dividend payout ratio is 8.16%.

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.