ASR Vermogensbeheer N.V. Purchases 27,747 Shares of Kinross Gold Corporation $KGC

ASR Vermogensbeheer N.V. lifted its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 36.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,816 shares of the mining company’s stock after buying an additional 27,747 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Kinross Gold were worth $2,577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in shares of Kinross Gold by 203.0% during the 2nd quarter. Osaic Holdings Inc. now owns 152,755 shares of the mining company’s stock worth $2,388,000 after acquiring an additional 102,348 shares during the last quarter. U S Global Investors Inc. lifted its holdings in Kinross Gold by 60.5% during the 3rd quarter. U S Global Investors Inc. now owns 417,334 shares of the mining company’s stock valued at $10,371,000 after purchasing an additional 157,334 shares during the last quarter. Ninety One North America Inc. bought a new position in Kinross Gold during the third quarter worth $13,438,000. Schroder Investment Management Group boosted its position in Kinross Gold by 19.6% during the second quarter. Schroder Investment Management Group now owns 2,525,188 shares of the mining company’s stock worth $39,469,000 after purchasing an additional 413,771 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Kinross Gold by 6.9% in the second quarter. Swiss National Bank now owns 3,739,218 shares of the mining company’s stock valued at $58,208,000 after purchasing an additional 241,600 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KGC. UBS Group raised their target price on shares of Kinross Gold from $33.00 to $37.50 and gave the stock a “buy” rating in a research note on Friday. Desjardins started coverage on shares of Kinross Gold in a report on Friday, November 28th. They issued a “buy” rating on the stock. Jefferies Financial Group restated a “buy” rating and set a $33.00 price objective on shares of Kinross Gold in a research report on Sunday, December 7th. Zacks Research upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Kinross Gold in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $30.56.

Kinross Gold Stock Up 1.1%

NYSE KGC opened at $33.61 on Monday. The company has a current ratio of 2.83, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15. The company has a market cap of $40.33 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 0.41 and a beta of 0.75. The company has a 50 day moving average of $28.19 and a 200-day moving average of $23.46. Kinross Gold Corporation has a 1-year low of $10.06 and a 1-year high of $34.02.

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

Kinross Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th were given a dividend of $0.035 per share. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, November 26th. Kinross Gold’s dividend payout ratio (DPR) is currently 9.79%.

About Kinross Gold

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.