Fulcrum Asset Management LLP Has $1.65 Million Stock Holdings in Kinross Gold Corporation $KGC

Fulcrum Asset Management LLP decreased its holdings in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 60.3% in the second quarter, Holdings Channel reports. The firm owned 69,558 shares of the mining company’s stock after selling 105,758 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Kinross Gold were worth $1,654,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Virtus Advisers LLC bought a new position in shares of Kinross Gold during the 3rd quarter worth approximately $28,000. Ascentis Independent Advisors bought a new stake in Kinross Gold in the first quarter valued at $29,000. Harvest Fund Management Co. Ltd grew its position in Kinross Gold by 85.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock valued at $32,000 after acquiring an additional 589 shares during the period. Caitlin John LLC grew its position in Kinross Gold by 42.1% in the second quarter. Caitlin John LLC now owns 1,350 shares of the mining company’s stock valued at $32,000 after acquiring an additional 400 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in Kinross Gold during the third quarter worth $38,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Down 3.7%

Shares of NYSE KGC opened at $31.30 on Friday. The firm’s 50-day simple moving average is $25.78 and its 200 day simple moving average is $29.13. The company has a market cap of $37.13 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 0.88 and a beta of 0.78. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. Kinross Gold Corporation has a 12-month low of $20.19 and a 12-month high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the company posted $0.44 EPS. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, research analysts expect that Kinross Gold Corporation will post 2.61 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 20th. Kinross Gold’s dividend payout ratio is 6.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Kinross Gold from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Scotiabank reduced their price target on shares of Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. UBS Group decreased their price objective on shares of Kinross Gold from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Royal Bank Of Canada cut their target price on shares of Kinross Gold from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.43.

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.