Kinross Gold Corporation $KGC Shares Sold by Qtron Investments LLC

Qtron Investments LLC decreased its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,538 shares of the mining company’s stock after selling 36,537 shares during the period. Qtron Investments LLC’s holdings in Kinross Gold were worth $2,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KGC. AQR Capital Management LLC lifted its stake in shares of Kinross Gold by 35.1% in the 1st quarter. AQR Capital Management LLC now owns 70,370 shares of the mining company’s stock valued at $887,000 after purchasing an additional 18,287 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Kinross Gold in the 1st quarter valued at about $158,000. Sivia Capital Partners LLC acquired a new position in shares of Kinross Gold in the 2nd quarter valued at about $167,000. M&T Bank Corp lifted its stake in shares of Kinross Gold by 9.0% in the 2nd quarter. M&T Bank Corp now owns 16,153 shares of the mining company’s stock valued at $252,000 after purchasing an additional 1,328 shares in the last quarter. Finally, AXA S.A. acquired a new position in shares of Kinross Gold in the 2nd quarter valued at about $2,483,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

KGC has been the topic of several research analyst reports. TD Securities reduced their price objective on Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings lowered Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada raised Kinross Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $36.00 to $45.00 in a research note on Thursday, March 12th. Finally, Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Kinross Gold presently has a consensus rating of “Moderate Buy” and an average target price of $38.81.

Kinross Gold Stock Performance

Shares of NYSE:KGC opened at $24.82 on Friday. The company has a market cap of $29.60 billion, a P/E ratio of 10.52, a PEG 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. Kinross Gold Corporation has a one year low of $14.71 and a one year high of $39.11. The business’s 50-day simple moving average is $30.35 and its 200 day simple moving average is $30.95.

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

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, May 21st. Kinross Gold’s dividend payout ratio (DPR) is presently 6.78%.

Kinross Gold Company 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.