PBU The Pension Fund of Early Childhood & Youth Educators Takes $11.72 Million Position in Kinross Gold Corporation $KGC

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 415,552 shares of the mining company’s stock, valued at approximately $11,720,000.

Several other institutional investors also recently bought and sold shares of the stock. WINTON GROUP Ltd purchased a new stake in Kinross Gold during the 4th quarter valued at about $2,584,000. Parallel Advisors LLC boosted its holdings in Kinross Gold by 3.2% during the 4th quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company’s stock valued at $262,000 after acquiring an additional 292 shares during the period. Prudential PLC boosted its holdings in Kinross Gold by 16.1% during the 4th quarter. Prudential PLC now owns 27,181 shares of the mining company’s stock valued at $766,000 after acquiring an additional 3,773 shares during the period. Vise Technologies Inc. boosted its holdings in Kinross Gold by 27.5% during the 4th quarter. Vise Technologies Inc. now owns 42,944 shares of the mining company’s stock valued at $1,209,000 after acquiring an additional 9,264 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Kinross Gold by 4.7% during the 4th quarter. TD Asset Management Inc now owns 5,879,190 shares of the mining company’s stock valued at $165,814,000 after acquiring an additional 261,861 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KGC shares. Weiss Ratings cut Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. Royal Bank Of Canada upgraded 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 report on Thursday, March 12th. Finally, UBS Group dropped their target price on Kinross Gold from $43.00 to $37.00 and set a “buy” rating for the company in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.81.

Kinross Gold Trading Down 8.6%

KGC opened at $26.15 on Friday. The stock has a market cap of $31.19 billion, a PE ratio of 11.08, a PEG ratio of 1.01 and a beta of 0.71. The company has a quick ratio of 1.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $30.68 and a 200-day moving average of $30.90. Kinross Gold Corporation has a 52 week low of $14.71 and a 52 week high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, April 29th. The mining company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The firm’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Equities research analysts predict that Kinross Gold Corporation will post 2.91 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, May 21st. Kinross Gold’s dividend payout ratio (DPR) is presently 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.