503,016 Shares in Kinross Gold Corporation $KGC Acquired by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. bought a new position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 503,016 shares of the mining company’s stock, valued at approximately $11,866,000.

Several other institutional investors also recently bought and sold shares of KGC. Tacita Capital Inc acquired a new stake in shares of Kinross Gold during the second quarter worth $958,000. Fig Financial Advisory Services Inc. ADV acquired a new position in Kinross Gold in the second quarter valued at $443,000. Danske Bank A S purchased a new position in Kinross Gold during the second quarter worth about $701,000. Oxbow Advisors LLC purchased a new position in Kinross Gold during the second quarter worth about $456,000. Finally, Wealthfront Advisers LLC acquired a new stake in Kinross Gold in the 2nd quarter worth about $279,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Price Performance

KGC opened at $29.93 on Thursday. The company has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $29.09. The firm has a market cap of $35.50 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.73 and a beta of 0.78. Kinross Gold Corporation has a twelve month low of $18.74 and a twelve month high of $39.11. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. Equities research analysts expect that Kinross Gold Corporation will post 2.63 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th 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, August 20th. Kinross Gold’s payout ratio is presently 6.06%.

Analyst Ratings Changes

Several analysts have commented on KGC shares. Royal Bank Of Canada lowered their price target on Kinross Gold from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group cut their price target on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Zacks Research cut Kinross Gold from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, UBS Group decreased their target price on Kinross Gold from $38.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.43.

Kinross Gold Profile

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.