Kinross Gold Co. (NYSE:KGC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 25.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,758,027 shares of the mining company’s stock after purchasing an additional 1,777,076 shares during the period. Dimensional Fund Advisors LP’s holdings in Kinross Gold were worth $72,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atlas Capital Advisors LLC acquired a new stake in shares of Kinross Gold during the 2nd quarter worth about $40,000. Fifth Third Bancorp lifted its position in shares of Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after buying an additional 9,375 shares during the last quarter. Advisor Resource Council acquired a new stake in Kinross Gold during the 1st quarter worth $60,000. Sivia Capital Partners LLC purchased a new position in shares of Kinross Gold during the fourth quarter worth about $63,000. Finally, Blue Trust Inc. lifted its holdings in shares of Kinross Gold by 113.1% in the 2nd quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock valued at $94,000 after purchasing an additional 6,011 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on KGC shares. CIBC lifted their price target on Kinross Gold from $8.15 to $12.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Scotiabank boosted their price target on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group lifted their target price on Kinross Gold from $7.00 to $9.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Kinross Gold presently has an average rating of “Moderate Buy” and a consensus target price of $9.33.

Kinross Gold Stock Up 0.7 %

Kinross Gold stock opened at $9.81 on Friday. The stock’s 50 day moving average price is $9.00 and its 200 day moving average price is $7.84. The company has a market cap of $12.06 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 0.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.27 and a quick ratio of 0.52. Kinross Gold Co. has a 1-year low of $4.32 and a 1-year high of $10.10.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. On average, sell-side analysts predict that Kinross Gold Co. will post 0.6 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, August 22nd. Kinross Gold’s dividend payout ratio is currently 33.33%.

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.