Kinross Gold Co. (NYSE:KGC) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 4.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,652 shares of the mining company’s stock after purchasing an additional 1,106 shares during the quarter. Atomi Financial Group Inc.’s holdings in Kinross Gold were worth $219,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KGC. Allspring Global Investments Holdings LLC grew its stake in Kinross Gold by 634.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company’s stock worth $36,971,000 after purchasing an additional 3,405,478 shares in the last quarter. Artemis Investment Management LLP grew its position in shares of Kinross Gold by 28.0% in the 3rd quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company’s stock worth $80,191,000 after acquiring an additional 1,871,939 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Kinross Gold in the 3rd quarter valued at approximately $14,193,000. Toronto Dominion Bank raised its position in shares of Kinross Gold by 115.7% during the 3rd quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock valued at $19,455,000 after acquiring an additional 1,114,801 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Kinross Gold by 326.6% during the third quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock worth $12,211,000 after purchasing an additional 998,763 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KGC shares. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. Jefferies Financial Group increased their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $11.13.

Kinross Gold Price Performance

NYSE:KGC opened at $10.63 on Tuesday. The company has a 50-day moving average of $9.90 and a 200-day moving average of $9.57. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.90 and a beta of 1.21. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. As a group, equities research analysts anticipate that Kinross Gold Co. will post 0.72 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, November 27th. Kinross Gold’s dividend payout ratio is 19.67%.

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.