Generali Asset Management SPA SGR Has $1.33 Million Stock Holdings in Kinross Gold Corporation $KGC

Generali Asset Management SPA SGR trimmed its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 52.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 53,465 shares of the mining company’s stock after selling 59,190 shares during the period. Generali Asset Management SPA SGR’s holdings in Kinross Gold were worth $1,329,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in KGC. Evergreen Capital Management LLC lifted its stake in shares of Kinross Gold by 1.1% during the second quarter. Evergreen Capital Management LLC now owns 56,135 shares of the mining company’s stock valued at $877,000 after acquiring an additional 593 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Kinross Gold by 95.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,467 shares of the mining company’s stock worth $36,000 after purchasing an additional 717 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its position in Kinross Gold by 1.4% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 56,907 shares of the mining company’s stock valued at $889,000 after purchasing an additional 783 shares during the period. IFP Advisors Inc lifted its position in Kinross Gold by 19.1% during the 2nd quarter. IFP Advisors Inc now owns 5,210 shares of the mining company’s stock valued at $81,000 after purchasing an additional 835 shares during the period. Finally, MAI Capital Management boosted its stake in shares of Kinross Gold by 22.0% in the 2nd quarter. MAI Capital Management now owns 5,022 shares of the mining company’s stock valued at $78,000 after purchasing an additional 907 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Up 0.3%

KGC opened at $28.26 on Monday. The firm’s fifty day moving average is $26.50 and its two-hundred day moving average is $22.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.68 and a current ratio of 2.83. The firm has a market cap of $34.01 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 0.30 and a beta of 0.75. Kinross Gold Corporation has a twelve month low of $9.64 and a twelve month high of $29.90.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 4th. The mining company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.72 billion. Kinross Gold had a net margin of 27.30% and a return on equity of 22.25%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. Equities research analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.035 per share. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 26th. Kinross Gold’s payout ratio is 9.79%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KGC shares. TD Securities boosted their price target on shares of Kinross Gold from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Cormark lowered shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Desjardins started coverage on shares of Kinross Gold in a research report on Friday, November 28th. They set a “buy” rating for the company. UBS Group raised their price target on Kinross Gold from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Finally, CIBC lifted their price objective on Kinross Gold from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $29.81.

Kinross Gold Company 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.