Kinross Gold Corporation $KGC Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 8.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 732,054 shares of the mining company’s stock after buying an additional 59,019 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Kinross Gold were worth $20,616,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KGC. Van ECK Associates Corp grew its holdings in Kinross Gold by 7.8% during the third quarter. Van ECK Associates Corp now owns 107,960,623 shares of the mining company’s stock worth $2,682,791,000 after acquiring an additional 7,825,336 shares during the period. Vanguard Group Inc. lifted its holdings in Kinross Gold by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 50,887,386 shares of the mining company’s stock valued at $1,433,345,000 after acquiring an additional 148,845 shares during the last quarter. Boston Partners boosted its position in shares of Kinross Gold by 1.6% during the 3rd quarter. Boston Partners now owns 45,120,345 shares of the mining company’s stock valued at $1,133,463,000 after purchasing an additional 707,498 shares in the last quarter. Norges Bank bought a new position in shares of Kinross Gold during the 4th quarter valued at about $518,656,000. Finally, Man Group plc grew its stake in shares of Kinross Gold by 47.8% in the 2nd quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock worth $261,646,000 after purchasing an additional 5,411,491 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KGC shares. Royal Bank Of Canada raised shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $36.00 to $45.00 in a research note on Thursday, March 12th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, May 1st. Wall Street Zen downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 24th. TD Securities reduced their price objective on Kinross Gold from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, UBS Group decreased their target price on Kinross Gold from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.81.

Kinross Gold Stock Performance

Kinross Gold stock opened at $25.86 on Tuesday. Kinross Gold Corporation has a fifty-two week low of $14.71 and a fifty-two week high of $39.11. The firm’s 50 day simple moving average is $30.64 and its 200-day simple moving average is $30.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.84 and a quick ratio of 1.83. The company has a market cap of $30.84 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, April 29th. The mining company reported $0.71 EPS for the quarter, topping 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 firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business posted $0.30 EPS. The company’s revenue was up 60.8% on a year-over-year basis. As a group, equities research analysts predict that Kinross Gold Corporation will post 2.91 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Kinross Gold’s payout ratio is currently 6.78%.

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.