DJE Kapital AG Sells 133,057 Shares of Kinross Gold Corporation $KGC

DJE Kapital AG trimmed its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 34.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,546 shares of the mining company’s stock after selling 133,057 shares during the period. DJE Kapital AG’s holdings in Kinross Gold were worth $7,336,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Kinross Gold in the fourth quarter worth approximately $26,000. Financial Management Professionals Inc. bought a new stake in shares of Kinross Gold during the 4th quarter worth $26,000. Caitlin John LLC bought a new stake in shares of Kinross Gold during the 3rd quarter worth $26,000. Virtus Advisers LLC bought a new stake in shares of Kinross Gold during the 3rd quarter worth $28,000. Finally, Elevated Capital Advisors LLC bought a new stake in shares of Kinross Gold during the 4th quarter worth $36,000. 63.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. TD Securities decreased their price objective on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, May 1st. Royal Bank Of Canada upgraded shares of 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 research note on Thursday, March 12th. Finally, UBS Group cut their target price on shares of Kinross Gold from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.81.

Kinross Gold Trading Up 4.9%

Shares of KGC stock opened at $24.82 on Friday. Kinross Gold Corporation has a 52-week low of $14.71 and a 52-week high of $39.11. The stock has a market cap of $29.60 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 0.84 and a beta of 0.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.84. The firm has a fifty day moving average of $30.35 and a 200-day moving average of $30.95.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The business’s revenue was up 60.8% on a year-over-year basis. On average, equities research analysts forecast that Kinross Gold Corporation will post 2.91 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.04 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Kinross Gold’s dividend payout ratio is currently 6.78%.

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.