Union Bancaire Privee UBP SA Buys 258,953 Shares of Kinross Gold Corporation $KGC

Union Bancaire Privee UBP SA lifted its stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 35.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 988,353 shares of the mining company’s stock after purchasing an additional 258,953 shares during the period. Union Bancaire Privee UBP SA owned 0.08% of Kinross Gold worth $30,165,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Caitlin John LLC purchased a new stake in Kinross Gold in the third quarter worth about $26,000. V Square Quantitative Management LLC purchased a new position in shares of Kinross Gold during the 4th quarter worth approximately $26,000. Financial Management Professionals Inc. bought a new position in shares of Kinross Gold in the 4th quarter worth approximately $26,000. Virtus Advisers LLC bought a new position in shares of Kinross Gold in the 3rd quarter worth approximately $28,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Kinross Gold by 85.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock valued at $32,000 after purchasing an additional 589 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Trading Up 0.9%

Shares of NYSE KGC opened at $24.25 on Friday. The firm’s 50 day moving average price is $28.88 and its 200-day moving average price is $30.81. The company has a market cap of $28.83 billion, a PE ratio of 10.28, a P/E/G ratio of 0.85 and a beta of 0.71. Kinross Gold Corporation has a 52-week low of $14.71 and a 52-week high of $39.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.84.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $2.37 billion during 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 quarterly revenue was up 60.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. On average, equities research analysts expect that Kinross Gold Corporation will post 2.91 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.04 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. Kinross Gold’s payout ratio is currently 6.78%.

Analyst Ratings Changes

A number of research firms have issued reports on KGC. Royal Bank Of Canada upgraded Kinross Gold from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $36.00 to $45.00 in a report on Thursday, March 12th. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. TD Securities lowered their price target on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings cut shares of Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.