Kinross Gold Co. (NYSE:KGC) Holdings Raised by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2.6% in the third quarter, HoldingsChannel reports. The firm owned 161,400 shares of the mining company’s stock after purchasing an additional 4,163 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Kinross Gold were worth $1,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atlas Capital Advisors LLC purchased a new position in shares of Kinross Gold in the second quarter worth approximately $40,000. Bright Futures Wealth Management LLC. acquired a new position in Kinross Gold in the 1st quarter worth approximately $70,000. Fifth Third Bancorp grew its position in Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after purchasing an additional 9,375 shares in the last quarter. Blue Trust Inc. raised its stake in Kinross Gold by 113.1% during the 2nd quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock valued at $94,000 after purchasing an additional 6,011 shares during the period. Finally, Corundum Trust Company INC purchased a new stake in shares of Kinross Gold in the third quarter valued at $94,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Trading Down 0.3 %

Shares of NYSE KGC opened at $9.97 on Thursday. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.49 and a beta of 1.22. The business has a 50 day simple moving average of $9.86 and a 200 day simple moving average of $8.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82.

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

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, November 27th. Kinross Gold’s dividend payout ratio is 19.67%.

Analyst Ratings Changes

KGC has been the topic of several recent analyst reports. Jefferies Financial Group upped their price target on Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Scotiabank increased their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. 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 Company 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.