Kinross Gold Co. (NYSE:KGC) Short Interest Up 8.2% in January

Kinross Gold Co. (NYSE:KGC) (TSE:K) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 11,510,000 shares, a growth of 8.2% from the January 15th total of 10,640,000 shares. Based on an average trading volume of 18,940,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

KGC has been the subject of a number of recent research reports. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. CIBC upped their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $11.63.

Kinross Gold Trading Up 0.2 %

KGC traded up $0.03 during midday trading on Tuesday, hitting $11.30. 35,344,324 shares of the company were exchanged, compared to its average volume of 22,563,582. The firm’s 50 day moving average price is $10.42 and its 200-day moving average price is $9.86. Kinross Gold has a 1-year low of $4.75 and a 1-year high of $12.28. The firm has a market capitalization of $13.88 billion, a P/E ratio of 18.52, a P/E/G ratio of 0.67 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. As a group, equities analysts forecast that Kinross Gold will post 0.73 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold’s dividend payout ratio is currently 19.67%.

Institutional Investors Weigh In On Kinross Gold

Several large investors have recently modified their holdings of KGC. Jones Financial Companies Lllp boosted its position in Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after purchasing an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Kinross Gold during the fourth quarter worth approximately $42,000. Global Retirement Partners LLC increased its holdings in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.