Leonteq Securities AG Buys Shares of 19,065 Kinross Gold Corporation $KGC

Leonteq Securities AG bought a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 19,065 shares of the mining company’s stock, valued at approximately $537,000.

Several other hedge funds have also recently bought and sold shares of KGC. Van ECK Associates Corp increased its holdings in Kinross Gold by 7.8% in the 3rd quarter. Van ECK Associates Corp now owns 107,960,623 shares of the mining company’s stock valued at $2,682,791,000 after buying an additional 7,825,336 shares during the period. Man Group plc increased its holdings in Kinross Gold by 47.8% in the 2nd quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock valued at $261,646,000 after buying an additional 5,411,491 shares during the period. Bank of America Corp DE increased its holdings in Kinross Gold by 81.2% in the 2nd quarter. Bank of America Corp DE now owns 8,073,665 shares of the mining company’s stock valued at $126,191,000 after buying an additional 3,617,320 shares during the period. Quadrature Capital Ltd bought a new position in Kinross Gold in the 3rd quarter valued at about $80,299,000. Finally, AustralianSuper Pty Ltd increased its holdings in Kinross Gold by 50.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,197,872 shares of the mining company’s stock valued at $228,227,000 after buying an additional 3,089,959 shares during the period. 63.69% of the stock is owned by institutional investors.

Kinross Gold Trading Down 1.4%

KGC opened at $28.27 on Friday. The company’s 50 day moving average is $30.80 and its 200-day moving average is $30.62. Kinross Gold Corporation has a 1-year low of $14.35 and a 1-year high of $39.11. 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 company has a market cap of $33.71 billion, a P/E ratio of 11.98, a PEG ratio of 1.03 and a beta of 0.73.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 60.8% compared to the same quarter last year. Equities research analysts predict that Kinross Gold Corporation will post 2.92 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.16 annualized dividend and a yield of 0.6%. Kinross Gold’s dividend payout ratio (DPR) is currently 6.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KGC shares. Royal Bank Of Canada raised shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $36.00 to $45.00 in a report on Thursday, March 12th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, May 1st. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Scotiabank raised their price target on shares of Kinross Gold from $32.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, TD Securities reduced their price target on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

About Kinross Gold

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.