WINTON GROUP Ltd Acquires Shares of 91,746 Kinross Gold Corporation $KGC

WINTON GROUP Ltd purchased a new stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 91,746 shares of the mining company’s stock, valued at approximately $2,584,000.

Other institutional investors have also recently made changes to their positions in the company. Caitlin John LLC purchased a new stake in shares of Kinross Gold during the 3rd quarter valued at about $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Kinross Gold during the 4th quarter valued at about $26,000. Financial Management Professionals Inc. purchased a new stake in shares of Kinross Gold during the 4th quarter valued at about $26,000. Virtus Advisers LLC purchased a new stake in shares of Kinross Gold during the 3rd quarter valued at about $28,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Kinross Gold by 85.2% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

KGC opened at $26.15 on Monday. 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 $31.19 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.93 and a beta of 0.71. The company’s 50 day moving average is $30.68 and its 200 day moving average is $30.95. Kinross Gold Corporation has a 12-month low of $14.71 and a 12-month high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The firm’s revenue was up 60.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Kinross Gold’s dividend payout ratio (DPR) is presently 6.78%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KGC shares. Wall Street Zen downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. UBS Group dropped their price target on shares of Kinross Gold from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 27th. 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. Royal Bank Of Canada raised shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $36.00 to $45.00 in a report on Thursday, March 12th. Finally, TD Securities dropped their price target on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.81.

Kinross Gold Company 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.