WINTON GROUP Ltd Invests $2.58 Million in Kinross Gold Corporation $KGC

WINTON GROUP Ltd bought a new position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 91,746 shares of the mining company’s stock, valued at approximately $2,584,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Kinross Gold in the 4th quarter worth about $26,000. Financial Management Professionals Inc. bought a new position in shares of Kinross Gold in the 4th quarter worth about $26,000. Caitlin John LLC bought a new position in shares of Kinross Gold in the 3rd quarter worth about $26,000. Virtus Advisers LLC bought a new position in shares of Kinross Gold in the 3rd quarter worth about $28,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of Kinross Gold in the 4th quarter worth about $36,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KGC has been the subject of several research reports. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 1st. Weiss Ratings lowered shares of Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. TD Securities decreased their price target on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, Wall Street Zen lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold Stock Down 0.3%

NYSE:KGC opened at $26.15 on Monday. The firm has a market cap of $31.19 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.93 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 fifty-two week low of $14.71 and a fifty-two week high of $39.11. The firm has a 50-day simple moving average of $30.68 and a two-hundred day simple moving average of $30.95.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, April 29th. The mining company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $2.37 billion during 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%. Kinross Gold’s revenue was up 60.8% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Analysts predict that Kinross Gold Corporation will post 2.91 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, May 21st. Kinross Gold’s dividend payout ratio (DPR) is currently 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.