Themes Management Co LLC Purchases New Holdings in Kinross Gold Corporation $KGC

Themes Management Co LLC purchased a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 45,624 shares of the mining company’s stock, valued at approximately $1,285,000. Kinross Gold makes up about 1.0% of Themes Management Co LLC’s portfolio, making the stock its 29th largest position.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Kinross Gold by 35.1% in the first 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 bought a new position in shares of Kinross Gold during the 1st quarter worth about $158,000. Sivia Capital Partners LLC bought a new position in shares of Kinross Gold during the 2nd quarter worth about $167,000. M&T Bank Corp boosted its position in shares of Kinross Gold by 9.0% during the 2nd quarter. M&T Bank Corp now owns 16,153 shares of the mining company’s stock valued at $252,000 after acquiring an additional 1,328 shares in the last quarter. Finally, AXA S.A. acquired a new stake in shares of Kinross Gold during the 2nd quarter valued at about $2,483,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

KGC has been the subject of several recent research reports. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Canadian Imperial Bank of Commerce set a $54.00 price objective on Kinross Gold in a report on Wednesday, February 4th. Royal Bank Of Canada upgraded Kinross Gold from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $36.00 to $45.00 in a research note on Thursday, March 12th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, May 1st. Finally, Scotiabank raised their target price on Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Kinross Gold currently has an average rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold Trading Down 0.1%

Shares of Kinross Gold stock opened at $28.27 on Tuesday. Kinross Gold Corporation has a 12-month low of $14.35 and a 12-month high of $39.11. The stock has a market capitalization of $33.71 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 1.01 and a beta of 0.73. The company has a 50-day simple moving average of $30.71 and a 200 day simple moving average of $30.71. The company has a quick ratio of 1.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 EPS for the quarter, beating 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 for the quarter was up 60.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Research analysts expect that Kinross Gold Corporation will post 2.92 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be issued 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 is Thursday, May 21st. Kinross Gold’s payout ratio is presently 6.78%.

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.