Forsta AP Fonden Acquires 236,300 Shares of Kinross Gold Co. (NYSE:KGC)

Forsta AP Fonden raised its holdings in shares of Kinross Gold Co. (NYSE:KGCGet Rating) (TSE:K) by 661.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 272,000 shares of the mining company’s stock after purchasing an additional 236,300 shares during the period. Forsta AP Fonden’s holdings in Kinross Gold were worth $966,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Neuberger Berman Group LLC increased its position in shares of Kinross Gold by 19.7% in the 1st quarter. Neuberger Berman Group LLC now owns 14,458 shares of the mining company’s stock valued at $85,000 after acquiring an additional 2,383 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Kinross Gold by 9.7% in the first quarter. Commonwealth Equity Services LLC now owns 32,740 shares of the mining company’s stock valued at $192,000 after purchasing an additional 2,882 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Kinross Gold by 28.0% in the first quarter. Wetherby Asset Management Inc. now owns 13,711 shares of the mining company’s stock valued at $81,000 after purchasing an additional 3,002 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Kinross Gold by 9.6% in the first quarter. Capital Investment Advisory Services LLC now owns 41,535 shares of the mining company’s stock valued at $244,000 after purchasing an additional 3,645 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in Kinross Gold by 4.4% in the second quarter. Banque Cantonale Vaudoise now owns 89,787 shares of the mining company’s stock valued at $321,000 after purchasing an additional 3,768 shares during the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Up 0.5 %

NYSE:KGC opened at $4.10 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.98 and a debt-to-equity ratio of 0.40. Kinross Gold Co. has a fifty-two week low of $3.00 and a fifty-two week high of $6.84. The company has a 50 day moving average price of $3.68 and a 200 day moving average price of $3.76.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a $0.03 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.12 annualized dividend and a yield of 2.93%. Kinross Gold’s dividend payout ratio is presently -30.77%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KGC. TD Securities lowered their target price on shares of Kinross Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, November 11th. National Bank Financial decreased their price target on shares of Kinross Gold from C$9.25 to C$8.25 in a research note on Monday, November 14th. StockNews.com started coverage on shares of Kinross Gold in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Canaccord Genuity Group cut their price objective on shares of Kinross Gold from C$8.00 to C$7.25 and set a “buy” rating for the company in a report on Wednesday, November 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.98.

Kinross Gold Company Profile

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Kinross Gold Corp. engages in the production, acquisition, exploration, and development of gold properties. Its mining operations are in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. The firm operates through the following business segments: Fort Knox, Round Mountain, Bald Mountain, Kupol, Paracatu, Tasiast, Chirano, and Corporate & Other.

Further Reading

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

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