DJE Kapital AG Invests $3.72 Million in Kinross Gold Co. (NYSE:KGC)

DJE Kapital AG bought a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 409,103 shares of the mining company’s stock, valued at approximately $3,723,000.

Several other large investors have also recently modified their holdings of KGC. Jones Financial Companies Lllp boosted its position in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,412 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Kinross Gold in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC boosted its position in shares of Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after acquiring an additional 4,788 shares during the period. Avior Wealth Management LLC boosted its position in shares of Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after acquiring an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. bought a new position in shares of Kinross Gold in the fourth quarter valued at approximately $92,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

KGC has been the subject of a number of analyst reports. StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. CIBC raised their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus target price of $11.63.

Kinross Gold Trading Up 0.9 %

Shares of Kinross Gold stock opened at $10.72 on Monday. Kinross Gold Co. has a 1 year low of $4.83 and a 1 year high of $12.28. The firm has a market cap of $13.17 billion, a PE ratio of 13.92, a PEG ratio of 0.68 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The company has a 50 day simple moving average of $10.67 and a two-hundred day simple moving average of $10.01.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

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.