R Squared Ltd Has $274,000 Stock Holdings in Kinross Gold Corporation $KGC

R Squared Ltd trimmed its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 58.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,038 shares of the mining company’s stock after selling 15,310 shares during the period. R Squared Ltd’s holdings in Kinross Gold were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC raised its holdings in shares of Kinross Gold by 1.8% in the 3rd quarter. Ballentine Partners LLC now owns 32,144 shares of the mining company’s stock worth $799,000 after acquiring an additional 565 shares during the last quarter. Cadence Wealth Management LLC increased its holdings in Kinross Gold by 1.3% during the 3rd quarter. Cadence Wealth Management LLC now owns 46,233 shares of the mining company’s stock worth $1,149,000 after purchasing an additional 581 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Kinross Gold by 1.1% in the second quarter. Evergreen Capital Management LLC now owns 56,135 shares of the mining company’s stock worth $877,000 after purchasing an additional 593 shares during the last quarter. Signaturefd LLC raised its stake in shares of Kinross Gold by 1.6% in the third quarter. Signaturefd LLC now owns 43,872 shares of the mining company’s stock worth $1,090,000 after purchasing an additional 680 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Kinross Gold by 95.6% in the third quarter. Armstrong Advisory Group Inc. now owns 1,467 shares of the mining company’s stock valued at $36,000 after purchasing an additional 717 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Trading Up 0.5%

Shares of Kinross Gold stock opened at $36.93 on Friday. The firm has a market cap of $44.31 billion, a PE ratio of 18.84, a P/E/G ratio of 0.38 and a beta of 0.74. Kinross Gold Corporation has a 1 year low of $10.32 and a 1 year high of $39.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.35 and a quick ratio of 1.37. The stock has a fifty day moving average price of $33.00 and a 200-day moving average price of $27.26.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, February 18th. The mining company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.12. Kinross Gold had a net margin of 33.90% and a return on equity of 28.22%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business earned $0.20 earnings per share. The firm’s revenue for the quarter was up 42.9% on a year-over-year basis. Equities research analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Kinross Gold’s previous quarterly dividend of $0.04. Kinross Gold’s payout ratio is currently 7.14%.

Wall Street Analyst Weigh In

KGC has been the topic of several analyst reports. UBS Group set a $43.00 target price on Kinross Gold in a research report on Friday, January 30th. Weiss Ratings restated a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Wall Street Zen raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Zacks Research lowered shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Desjardins assumed coverage on shares of Kinross Gold in a report on Friday, November 28th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and an average price target of $34.81.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.