Kinross Gold Co. (NYSE:KGC) Shares Purchased by Boston Partners

Boston Partners grew its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,226,824 shares of the mining company’s stock after purchasing an additional 1,328,372 shares during the period. Boston Partners owned approximately 1.48% of Kinross Gold worth $111,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Cetera Advisors LLC boosted its holdings in shares of Kinross Gold by 10.1% in the first quarter. Cetera Advisors LLC now owns 19,873 shares of the mining company’s stock worth $122,000 after buying an additional 1,828 shares during the period. Virtu Financial LLC lifted its position in shares of Kinross Gold by 151.1% in the first quarter. Virtu Financial LLC now owns 151,783 shares of the mining company’s stock worth $930,000 after purchasing an additional 91,328 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Kinross Gold by 78.2% in the first quarter. Janus Henderson Group PLC now owns 1,608,530 shares of the mining company’s stock worth $9,868,000 after purchasing an additional 706,060 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Kinross Gold by 64.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,749,480 shares of the mining company’s stock worth $29,115,000 after purchasing an additional 1,856,478 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in shares of Kinross Gold in the first quarter worth approximately $429,000. Institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Cormark raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, May 9th. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. Scotiabank lifted their price target on shares of Kinross Gold from $8.00 to $9.50 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. CIBC raised their price objective on shares of Kinross Gold from $8.15 to $12.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their price target on shares of Kinross Gold from $7.00 to $9.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $8.57.

Kinross Gold Price Performance

Shares of Kinross Gold stock traded down $0.40 during trading on Friday, reaching $8.75. The company’s stock had a trading volume of 29,601,298 shares, compared to its average volume of 16,883,668. The stock has a 50-day moving average price of $8.28 and a two-hundred day moving average price of $6.82. The company has a current ratio of 1.27, a quick ratio of 0.45 and a debt-to-equity ratio of 0.19. Kinross Gold Co. has a one year low of $4.32 and a one year high of $9.44. The stock has a market capitalization of $10.75 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 0.54 and a beta of 1.19.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, July 31st. The mining company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. Kinross Gold had a return on equity of 9.32% and a net margin of 10.91%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business posted $0.14 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinross Gold Co. will post 0.57 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, August 22nd. Kinross Gold’s dividend payout ratio (DPR) is currently 33.33%.

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.