43,481 Kinross Gold Corporation $KGC Shares Bought by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lifted its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 805,507 shares of the mining company’s stock after buying an additional 43,481 shares during the quarter. Kinross Gold comprises approximately 1.3% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Euro Pacific Asset Management LLC’s holdings in Kinross Gold were worth $19,397,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of Kinross Gold by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company’s stock valued at $779,677,000 after acquiring an additional 571,100 shares during the period. Man Group plc boosted its stake in Kinross Gold by 7.6% during the fourth quarter. Man Group plc now owns 12,526,669 shares of the mining company’s stock worth $352,751,000 after acquiring an additional 882,373 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Kinross Gold by 9.3% during the first quarter. The Manufacturers Life Insurance Company now owns 10,014,321 shares of the mining company’s stock worth $305,888,000 after acquiring an additional 854,802 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Kinross Gold in the second quarter worth $264,652,000. Finally, Bank of America Corp DE grew its holdings in Kinross Gold by 11.4% in the second quarter. Bank of America Corp DE now owns 10,822,887 shares of the mining company’s stock worth $255,637,000 after purchasing an additional 1,106,837 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Down 0.7%

Shares of NYSE KGC traded down $0.15 during mid-day trading on Tuesday, reaching $23.39. 5,395,166 shares of the company’s stock traded hands, compared to its average volume of 9,297,777. The stock has a market cap of $27.71 billion, a P/E ratio of 8.86, a PEG ratio of 0.89 and a beta of 0.82. The business has a 50-day simple moving average of $27.78 and a 200 day simple moving average of $27.83. Kinross Gold Corporation has a 1-year low of $22.01 and a 1-year high of $39.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.95.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The firm’s revenue was up 29.5% compared to the same quarter last year. On average, analysts expect that Kinross Gold Corporation will post 2.43 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.16 annualized dividend and a yield of 0.7%. Kinross Gold’s dividend payout ratio (DPR) is 6.06%.

Wall Street Analyst Weigh In

KGC has been the subject of several research analyst reports. Jefferies Financial Group decreased their price target on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Canadian Imperial Bank of Commerce cut their price objective on shares of Kinross Gold from $54.00 to $50.00 and set an “outperformer” rating on the stock in a research report on Friday, September 25th. Canaccord Genuity Group cut their price objective on shares of Kinross Gold from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. UBS Group reduced their target price on Kinross Gold from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Finally, TD Securities decreased their target price on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.89.

Kinross Gold Profile

Kinross Gold Corporation is a Canadian gold mining company headquartered in Toronto, Ontario. The company explores for, develops, and operates gold mines, with silver produced as a byproduct at certain properties. Its activities include mineral exploration, mine development, ore processing, and the sale of refined gold and other metals.

Kinross has historically operated mines across the Americas and West Africa. Its portfolio has included the Fort Knox, Round Mountain, and Bald Mountain mines in the United States; Paracatu in Brazil; Tasiast in Mauritania; and La Coipa in Chile.