Kinross Gold Co. (NYSE:KGC) Shares Bought by Forsta AP Fonden

Forsta AP Fonden raised its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 256,400 shares of the mining company’s stock after buying an additional 9,600 shares during the period. Forsta AP Fonden’s holdings in Kinross Gold were worth $2,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its stake in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after buying an additional 5,140 shares during the last quarter. Corundum Trust Company INC purchased a new stake in shares of Kinross Gold during the third quarter worth about $94,000. OneDigital Investment Advisors LLC acquired a new position in shares of Kinross Gold during the third quarter valued at about $94,000. EP Wealth Advisors LLC purchased a new position in shares of Kinross Gold in the 3rd quarter valued at approximately $95,000. Finally, Fiera Capital Corp purchased a new position in shares of Kinross Gold in the 3rd quarter valued at approximately $99,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and a consensus price target of $11.13.

Kinross Gold Price Performance

Shares of NYSE KGC opened at $11.29 on Friday. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $11.67. The business’s 50 day moving average price is $10.01 and its 200 day moving average price is $9.63. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm has a market cap of $13.87 billion, a P/E ratio of 18.50, a P/E/G ratio of 0.60 and a beta of 1.21.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 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 business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. On average, sell-side analysts expect that Kinross Gold Co. will post 0.72 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.06%. Kinross Gold’s dividend payout ratio (DPR) is presently 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.