Centiva Capital LP Invests $58,000 in Kinross Gold Co. (NYSE:KGC)

Posted by Defense World Staff on Feb 27th, 2023

Centiva Capital LP bought a new stake in shares of Kinross Gold Co. (NYSE:KGC – Get Rating) (TSE:K) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,314 shares of the mining company’s stock, valued at approximately $58,000.

A number of other institutional investors also recently bought and sold shares of KGC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Kinross Gold by 48.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 114,607 shares of the mining company’s stock worth $674,000 after purchasing an additional 37,610 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Kinross Gold by 11.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,122,543 shares of the mining company’s stock worth $18,361,000 after buying an additional 325,896 shares during the period. Sei Investments Co. lifted its stake in shares of Kinross Gold by 72.1% during the 1st quarter. Sei Investments Co. now owns 27,464 shares of the mining company’s stock worth $161,000 after acquiring an additional 11,505 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Kinross Gold by 39.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,445,200 shares of the mining company’s stock valued at $8,493,000 after acquiring an additional 410,300 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Kinross Gold by 10.0% during the 1st quarter. Allianz Asset Management GmbH now owns 5,377,889 shares of the mining company’s stock valued at $31,603,000 after acquiring an additional 487,613 shares during the period. 55.58% of the stock is currently owned by institutional investors.

Kinross Gold Stock Down 1.4 %

Kinross Gold stock opened at $3.62 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.47 and a debt-to-equity ratio of 0.43. The firm has a market cap of $4.43 billion, a P/E ratio of -7.70 and a beta of 0.87. The business has a fifty day moving average of $4.34 and a two-hundred day moving average of $3.95. Kinross Gold Co. has a twelve month low of $3.00 and a twelve month high of $6.34.

Kinross Gold (NYSE:KGC – Get Rating) (TSE:K) last issued its quarterly earnings data on Thursday, February 16th. The mining company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Kinross Gold had a positive return on equity of 4.58% and a negative net margin of 17.18%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $962.80 million. During the same period in the prior year, the business posted $0.08 EPS. On average, analysts forecast that Kinross Gold Co. will post 0.34 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 8th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, March 7th. Kinross Gold’s dividend payout ratio is currently -25.53%.

Analysts Set New Price Targets

Several analysts have recently weighed in on KGC shares. Royal Bank of Canada decreased their target price on Kinross Gold from $6.00 to $4.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 6th. Raymond James upped their target price on shares of Kinross Gold from $4.50 to $5.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 31st. Stifel Nicolaus decreased their price target on shares of Kinross Gold from C$10.00 to C$9.00 in a research note on Wednesday, November 23rd. Barclays lowered Kinross Gold from an “overweight” rating to an “equal weight” rating and set a $5.00 price target for the company. in a report on Monday, January 30th. Finally, TD Securities reduced their price objective on Kinross Gold from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 17th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.35.

About Kinross Gold

(Get Rating)

Kinross Gold Corp. engages in the production, acquisition, exploration, and development of gold properties. Its mining operations are in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. The firm operates through the following business segments: Fort Knox, Round Mountain, Bald Mountain, Kupol, Paracatu, Tasiast, Chirano, and Corporate & Other.