Baader Bank Aktiengesellschaft Sells 21,582 Shares of Kinross Gold Co. (NYSE:KGC)

Baader Bank Aktiengesellschaft decreased its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 34.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 41,862 shares of the mining company’s stock after selling 21,582 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Kinross Gold were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KGC. Envestnet Asset Management Inc. grew its position in shares of Kinross Gold by 60.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 265,650 shares of the mining company’s stock valued at $2,210,000 after buying an additional 99,812 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Kinross Gold by 89.7% in the second quarter. AQR Capital Management LLC now owns 50,631 shares of the mining company’s stock valued at $421,000 after acquiring an additional 23,946 shares during the last quarter. Creative Planning increased its position in Kinross Gold by 48.6% during the 2nd quarter. Creative Planning now owns 64,256 shares of the mining company’s stock valued at $535,000 after purchasing an additional 21,004 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Kinross Gold by 18.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock worth $119,000 after purchasing an additional 2,180 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of Kinross Gold by 33.2% in the 2nd quarter. Truist Financial Corp now owns 161,900 shares of the mining company’s stock worth $1,347,000 after purchasing an additional 40,371 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KGC. Jefferies Financial Group lifted their target price 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. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $11.13.

Kinross Gold Trading Up 3.2 %

NYSE:KGC opened at $11.48 on Friday. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $11.67. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.60 and a beta of 1.21. The firm has a fifty day simple moving average of $9.96 and a two-hundred day simple moving average of $9.60.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. Analysts expect that Kinross Gold Co. will post 0.72 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Wednesday, November 27th. Kinross Gold’s payout ratio is 19.67%.

Kinross Gold Company Profile

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.