Entropy Technologies LP Purchases Shares of 134,490 Kinross Gold Co. (NYSE:KGC)

Entropy Technologies LP acquired a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 134,490 shares of the mining company’s stock, valued at approximately $1,259,000.

Other large investors have also recently bought and sold shares of the company. Anthracite Investment Company Inc. lifted its stake in Kinross Gold by 40.2% during the 1st quarter. Anthracite Investment Company Inc. now owns 140,241 shares of the mining company’s stock valued at $860,000 after acquiring an additional 40,241 shares during the period. Te Ahumairangi Investment Management Ltd boosted its holdings in Kinross Gold by 9.8% in the first quarter. Te Ahumairangi Investment Management Ltd now owns 422,100 shares of the mining company’s stock valued at $2,592,000 after purchasing an additional 37,700 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Kinross Gold during the 1st quarter worth about $3,199,000. Intech Investment Management LLC purchased a new position in shares of Kinross Gold during the 1st quarter valued at about $202,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Kinross Gold by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company’s stock valued at $278,486,000 after buying an additional 497,531 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KGC. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Jefferies Financial Group raised their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, Scotiabank lifted their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Kinross Gold Trading Down 2.2 %

Shares of KGC stock opened at $9.30 on Thursday. Kinross Gold Co. has a 1-year low of $4.75 and a 1-year high of $10.82. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $9.77 and a 200-day simple moving average of $8.77.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. On average, equities research analysts expect that Kinross Gold Co. will post 0.69 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 annualized dividend and a yield of 1.29%. Kinross Gold’s dividend payout ratio (DPR) is currently 19.67%.

Kinross Gold Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.