DJE Kapital AG Reduces Holdings in Kinross Gold Corporation $KGC

DJE Kapital AG decreased its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 17.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 213,146 shares of the mining company’s stock after selling 44,400 shares during the quarter. DJE Kapital AG’s holdings in Kinross Gold were worth $6,290,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Kinross Gold during the fourth quarter worth about $26,000. Financial Management Professionals Inc. bought a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new stake in shares of Kinross Gold during the 1st quarter valued at approximately $29,000. Virtus Advisers LLC purchased a new stake in shares of Kinross Gold during the 3rd quarter valued at approximately $28,000. Finally, Elevated Capital Advisors LLC bought a new position in Kinross Gold in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KGC. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. UBS Group cut their price target on Kinross Gold from $38.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Weiss Ratings cut Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. Finally, Wall Street Zen lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kinross Gold currently has an average rating of “Moderate Buy” and a consensus price target of $37.31.

Kinross Gold Stock Performance

Kinross Gold stock opened at $22.50 on Tuesday. The firm’s 50 day simple moving average is $26.28 and its 200 day simple moving average is $30.31. The company has a current ratio of 2.84, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $26.69 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.61 and a beta of 0.78. Kinross Gold Corporation has a 1-year low of $15.37 and a 1-year high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 60.8% compared to the same quarter last year. As a group, analysts expect that Kinross Gold Corporation will post 2.65 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, May 21st. Kinross Gold’s dividend payout ratio (DPR) is 6.78%.

Kinross Gold Company 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.