Kinross Gold Co. (NYSE:KGC) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its stake in shares of Kinross Gold Co. (NYSE:KGCGet Rating) (TSE:K) by 11.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 312,264 shares of the mining company’s stock after buying an additional 33,282 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Kinross Gold were worth $1,849,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Kinross Gold during the 4th quarter valued at about $57,000. Oppenheimer & Co. Inc. purchased a new position in shares of Kinross Gold during the 4th quarter valued at about $59,000. F&V Capital Management LLC purchased a new position in shares of Kinross Gold during the 1st quarter valued at about $59,000. Montecito Bank & Trust purchased a new position in shares of Kinross Gold during the 1st quarter valued at about $59,000. Finally, Brinker Capital Investments LLC purchased a new position in shares of Kinross Gold during the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Analyst Ratings Changes

KGC has been the subject of a number of recent research reports. StockNews.com lowered Kinross Gold from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. BMO Capital Markets lifted their price target on Kinross Gold from $7.00 to $7.50 and gave the company an “outperform” rating in a research note on Thursday, June 30th. Stifel Nicolaus cut their price target on Kinross Gold from C$11.00 to C$10.00 in a research note on Wednesday. Barclays cut their price target on Kinross Gold from $7.00 to $6.00 in a research note on Tuesday. Finally, Canaccord Genuity Group cut their price target on Kinross Gold from C$12.00 to C$11.00 in a research note on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.15.

Kinross Gold Trading Down 1.8 %

Shares of Kinross Gold stock opened at $3.22 on Thursday. The stock has a market cap of $4.19 billion, a P/E ratio of -8.94 and a beta of 1.09. The stock’s 50 day simple moving average is $4.02 and its 200-day simple moving average is $5.03. Kinross Gold Co. has a 1-year low of $3.00 and a 1-year high of $7.13. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.73.

Kinross Gold (NYSE:KGCGet Rating) (TSE:K) last issued its earnings results on Tuesday, May 10th. The mining company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $768.00 million for the quarter, compared to analyst estimates of $1.05 billion. Kinross Gold had a positive return on equity of 6.27% and a negative net margin of 12.88%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Analysts predict that Kinross Gold Co. will post 0.48 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Wednesday, June 1st. Kinross Gold’s dividend payout ratio is presently -33.33%.

About Kinross Gold

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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