GSA Capital Partners LLP Makes New Investment in Kinross Gold Co. (NYSE:KGC)

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GSA Capital Partners LLP bought a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 29,895 shares of the mining company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Kinross Gold in the second quarter worth $30,000. Whittier Trust Co. acquired a new stake in Kinross Gold in the third quarter worth $44,000. Cerebellum GP LLC acquired a new stake in Kinross Gold in the second quarter worth $25,000. IFP Advisors Inc raised its holdings in Kinross Gold by 7,500.0% in the second quarter. IFP Advisors Inc now owns 6,080 shares of the mining company’s stock worth $43,000 after purchasing an additional 6,000 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Kinross Gold in the second quarter worth $58,000. Institutional investors own 53.20% of the company’s stock.

KGC has been the topic of a number of research analyst reports. ValuEngine lowered shares of Kinross Gold from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 10th. Raymond James set a $14.00 price objective on shares of Kinross Gold and gave the stock an “outperform” rating in a report on Thursday, November 5th. TD Securities raised their price objective on shares of Kinross Gold from $15.00 to $15.50 and gave the stock a “buy” rating in a report on Thursday, November 5th. Bank of America upgraded shares of Kinross Gold from a “neutral” rating to a “buy” rating and set a $11.25 price objective on the stock in a report on Wednesday, August 5th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their price objective on shares of Kinross Gold from $14.25 to $14.50 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $10.95.

Shares of KGC opened at $7.52 on Friday. The firm has a 50-day moving average of $8.52 and a 200-day moving average of $8.05. Kinross Gold Co. has a one year low of $2.72 and a one year high of $10.31. The company has a market cap of $9.46 billion, a PE ratio of 8.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.76 and a quick ratio of 2.45.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, November 4th. The mining company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Kinross Gold had a net margin of 26.92% and a return on equity of 14.49%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business earned $0.08 EPS. The business’s revenue was up 29.0% on a year-over-year basis. Analysts expect that Kinross Gold Co. will post 0.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, November 24th. Kinross Gold’s dividend payout ratio (DPR) is presently 35.29%.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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