DJE Kapital AG Has $7.34 Million Stock Position in Kinross Gold Corporation $KGC

DJE Kapital AG lowered its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 34.1% in the fourth quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Korea Investment CORP increased its position in shares of Kinross Gold by 372.4% during the 3rd quarter. Korea Investment CORP now owns 3,294,945 shares of the mining company’s stock worth $81,793,000 after purchasing an additional 2,597,455 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Kinross Gold by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 50,738,541 shares of the mining company’s stock worth $1,259,280,000 after purchasing an additional 1,553,594 shares in the last quarter. TD Asset Management Inc increased its position in shares of Kinross Gold by 4.7% during the 4th quarter. TD Asset Management Inc now owns 5,879,190 shares of the mining company’s stock worth $165,814,000 after purchasing an additional 261,861 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Kinross Gold during the 3rd quarter worth about $2,060,000. Finally, Regal Partners Ltd increased its position in shares of Kinross Gold by 79.9% during the 3rd quarter. Regal Partners Ltd now owns 977,243 shares of the mining company’s stock worth $24,284,000 after purchasing an additional 433,953 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KGC. TD Securities dropped their target price 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. Royal Bank Of Canada raised shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $36.00 to $45.00 in a report on Thursday, March 12th. 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. Weiss Ratings lowered shares of Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold Stock Up 4.9%

Shares of NYSE:KGC opened at $24.82 on Friday. Kinross Gold Corporation has a 12 month low of $14.71 and a 12 month high of $39.11. The company’s 50-day moving average price is $30.35 and its two-hundred day moving average price is $30.95. The company has a quick ratio of 1.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.08. The firm has a market cap of $29.60 billion, a P/E ratio of 10.52, a P/E/G ratio of 0.84 and a beta of 0.71.

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

Kinross Gold Announces Dividend

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