Blueshift Asset Management LLC Has $209,000 Holdings in Kinross Gold Co. (NYSE:KGC)

Blueshift Asset Management LLC boosted its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,588 shares of the mining company’s stock after acquiring an additional 1,371 shares during the period. Blueshift Asset Management LLC’s holdings in Kinross Gold were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KGC. Jones Financial Companies Lllp raised 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 buying an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC raised its holdings in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after buying an additional 4,788 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after buying an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in Kinross Gold in the fourth quarter valued at about $92,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Down 1.3 %

Shares of NYSE KGC opened at $12.17 on Friday. Kinross Gold Co. has a 1 year low of $5.67 and a 1 year high of $12.39. 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 firm has a market cap of $14.97 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The company has a 50 day simple moving average of $11.21 and a 200 day simple moving average of $10.26.

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

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.99%. Kinross Gold’s payout ratio is 15.58%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Wednesday. Finally, CIBC raised their target price 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, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average 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.