SG Americas Securities LLC lowered its position in Kinross Gold Co. (NYSE:KGC – Get Rating) (TSE:K) by 25.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,464 shares of the mining company’s stock after selling 150,606 shares during the period. SG Americas Securities LLC’s holdings in Kinross Gold were worth $1,667,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Venture Visionary Partners LLC acquired a new stake in shares of Kinross Gold in the 2nd quarter worth approximately $29,000. Bluefin Capital Management LLC lifted its stake in Kinross Gold by 11.8% in the 2nd quarter. Bluefin Capital Management LLC now owns 253,870 shares of the mining company’s stock valued at $952,000 after buying an additional 26,770 shares in the last quarter. Van ECK Associates Corp lifted its stake in Kinross Gold by 71.3% in the 2nd quarter. Van ECK Associates Corp now owns 146,672,975 shares of the mining company’s stock valued at $525,083,000 after buying an additional 61,068,468 shares in the last quarter. Aire Advisors LLC lifted its stake in Kinross Gold by 11.8% in the 2nd quarter. Aire Advisors LLC now owns 95,000 shares of the mining company’s stock valued at $340,000 after buying an additional 10,000 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Kinross Gold in the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 55.58% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. TD Securities reduced their target price on Kinross Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, November 11th. StockNews.com assumed coverage on Kinross Gold in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Canaccord Genuity Group reduced their target price on Kinross Gold from C$8.00 to C$7.25 and set a “buy” rating on the stock in a research note on Wednesday, November 16th. National Bank Financial increased their price target on Kinross Gold from C$8.25 to C$8.50 in a research note on Friday. Finally, Stifel Nicolaus reduced their price target on Kinross Gold from C$10.00 to C$9.00 in a research note on Wednesday, November 23rd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.73.
Kinross Gold Stock Up 1.7 %
Shares of KGC opened at $4.74 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.98 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $4.23 and its 200 day simple moving average is $3.74. Kinross Gold Co. has a twelve month low of $3.00 and a twelve month high of $6.34.
Kinross Gold (NYSE:KGC – Get Rating) (TSE:K) last issued its earnings results on Wednesday, November 9th. The mining company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $856.50 million during the quarter. Kinross Gold had a positive return on equity of 4.34% and a negative net margin of 15.09%. Equities research analysts expect that Kinross Gold Co. will post 0.22 earnings per share for the current year.
Kinross Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $0.03 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.12 annualized dividend and a yield of 2.53%. Kinross Gold’s dividend payout ratio is currently -30.77%.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider Kinross Gold, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Kinross Gold wasn’t on the list.
While Kinross Gold currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.