Sapient Capital LLC Makes New Investment in Kinross Gold Co. (NYSE:KGC)

Sapient Capital LLC bought a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the 4th quarter, Holdings Channel.com reports. The firm bought 61,885 shares of the mining company’s stock, valued at approximately $374,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC purchased a new position in Kinross Gold in the fourth quarter valued at approximately $26,000. S.A. Mason LLC purchased a new position in Kinross Gold in the third quarter valued at approximately $27,000. CWM LLC lifted its stake in Kinross Gold by 353.2% in the third quarter. CWM LLC now owns 7,378 shares of the mining company’s stock valued at $34,000 after purchasing an additional 5,750 shares during the last quarter. Natixis purchased a new position in Kinross Gold in the fourth quarter valued at approximately $35,000. Finally, United Capital Financial Advisers LLC purchased a new position in Kinross Gold in the fourth quarter valued at approximately $43,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Performance

Kinross Gold stock opened at $6.38 on Monday. The company has a current ratio of 2.63, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $5.56 and a 200-day moving average of $5.52. The firm has a market cap of $7.83 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.08 and a beta of 1.15. Kinross Gold Co. has a 1-year low of $4.32 and a 1-year high of $6.81.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.04 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. Kinross Gold’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Sell-side analysts expect that Kinross Gold Co. will post 0.35 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were issued a $0.03 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.88%. Kinross Gold’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Ratings Changes

Several equities analysts recently commented on KGC shares. TheStreet downgraded Kinross Gold from a “b” rating to a “c+” rating in a research note on Friday, February 16th. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. CIBC increased their target price on Kinross Gold from $7.00 to $8.15 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. StockNews.com raised Kinross Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group started coverage on Kinross Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $5.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.28.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.