Kinross Gold Corporation $KGC is Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s 4th Largest Position

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 70.8% in the 4th quarter, HoldingsChannel reports. The firm owned 124,200 shares of the mining company’s stock after buying an additional 51,500 shares during the quarter. Kinross Gold accounts for 7.6% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 4th biggest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Kinross Gold were worth $3,556,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Caitlin John LLC purchased a new position in Kinross Gold during the 3rd quarter valued at about $26,000. Virtus Advisers LLC purchased a new position in Kinross Gold during the 3rd quarter valued at about $28,000. GPS Wealth Strategies Group LLC purchased a new position in Kinross Gold during the 3rd quarter valued at about $29,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Kinross Gold during the 3rd quarter valued at about $31,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Kinross Gold by 85.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock valued at $32,000 after acquiring an additional 589 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce set a $54.00 price target on shares of Kinross Gold in a research report on Wednesday, February 4th. Zacks Research cut shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. TD Securities lowered their price target on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, Scotiabank lifted their price target on shares of Kinross Gold from $32.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kinross Gold presently has an average rating of “Moderate Buy” and an average price target of $38.81.

Kinross Gold Stock Down 0.5%

NYSE:KGC opened at $31.37 on Tuesday. The firm has a market cap of $37.56 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.54 and a beta of 0.82. 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 fifty-two week low of $11.12 and a fifty-two week high of $39.11. The firm has a 50-day simple moving average of $32.57 and a two-hundred day simple moving average of $29.10.

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

Kinross Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. This is an increase from Kinross Gold’s previous quarterly dividend of $0.04. Kinross Gold’s dividend payout ratio (DPR) is 8.16%.

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.