Vanguard Group Inc. Has $1.43 Billion Stake in Kinross Gold Corporation $KGC

Vanguard Group Inc. grew its holdings in shares of Kinross Gold Corporation (NYSE:KGCFree Report) (TSE:K) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,887,386 shares of the mining company’s stock after acquiring an additional 148,845 shares during the quarter. Vanguard Group Inc.’s holdings in Kinross Gold were worth $1,433,345,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Caitlin John LLC bought a new stake in shares of Kinross Gold during the third quarter worth about $26,000. V Square Quantitative Management LLC bought a new stake in shares of Kinross Gold during the fourth quarter worth about $26,000. Financial Management Professionals Inc. bought a new stake in shares of Kinross Gold during the fourth quarter worth about $26,000. Virtus Advisers LLC bought a new stake in shares of Kinross Gold during the third quarter worth about $28,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of Kinross Gold during the third quarter worth about $29,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KGC. Wall Street Zen cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. TD Securities reduced their price target on Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. UBS Group reduced their price target on Kinross Gold from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Canadian Imperial Bank of Commerce set a $54.00 target price on Kinross Gold in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada upgraded Kinross Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $36.00 to $45.00 in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.81.

Check Out Our Latest Report on KGC

Trending Headlines about Kinross Gold

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Kinross Gold Price Performance

Kinross Gold stock opened at $30.31 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 2.35. Kinross Gold Corporation has a 52-week low of $13.28 and a 52-week high of $39.11. The stock’s 50 day moving average price is $32.10 and its two-hundred day moving average price is $30.06. The stock has a market capitalization of $36.20 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.42 and a beta of 0.82.

Kinross Gold (NYSE:KGCGet Free Report) (TSE:K) last issued its earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Kinross Gold had a return on equity of 33.53% and a net margin of 35.99%.The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. Kinross Gold’s revenue for the quarter was up 60.8% on a year-over-year basis. On average, equities analysts predict that Kinross Gold Corporation will post 2.77 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st. Kinross Gold’s dividend payout ratio is presently 6.78%.

Kinross Gold Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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