Kinross Gold Co. (NYSE:KGC) Shares Acquired by Tacita Capital Inc

Tacita Capital Inc boosted its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,009 shares of the mining company’s stock after purchasing an additional 3,668 shares during the quarter. Tacita Capital Inc’s holdings in Kinross Gold were worth $565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capstone Investment Advisors LLC acquired a new position in Kinross Gold during the 3rd quarter valued at approximately $774,000. Mediolanum International Funds Ltd bought a new stake in Kinross Gold during the 4th quarter valued at $2,506,000. International Assets Investment Management LLC bought a new stake in Kinross Gold during the 3rd quarter valued at $780,000. Geode Capital Management LLC raised its stake in shares of Kinross Gold by 16.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after buying an additional 828,456 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of Kinross Gold by 48.2% in the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock worth $2,800,000 after buying an additional 98,196 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of KGC stock opened at $10.75 on Tuesday. Kinross Gold Co. has a 1-year low of $5.14 and a 1-year high of $12.28. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.68 and a beta of 1.24. The stock’s fifty day simple moving average is $10.70 and its 200-day simple moving average is $10.02.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. CIBC boosted their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.63.

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.