Banque Cantonale Vaudoise boosted its holdings in shares of Kinross Gold Co. (NYSE:KGC – Free Report) (TSE:K) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,558 shares of the mining company’s stock after acquiring an additional 12,768 shares during the period. Banque Cantonale Vaudoise’s holdings in Kinross Gold were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Natixis bought a new position in shares of Kinross Gold during the fourth quarter valued at approximately $35,000. United Capital Financial Advisers LLC bought a new stake in Kinross Gold during the 4th quarter valued at $43,000. Townsquare Capital LLC bought a new position in shares of Kinross Gold in the 4th quarter worth $46,000. International Assets Investment Management LLC purchased a new stake in shares of Kinross Gold during the 4th quarter worth $47,000. Finally, Focused Wealth Management Inc bought a new stake in Kinross Gold during the fourth quarter valued at about $49,000. 50.99% of the stock is currently owned by institutional investors.
Kinross Gold Price Performance
Shares of NYSE KGC opened at $4.82 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.72. The company has a market cap of $5.92 billion, a PE ratio of 482.00 and a beta of 0.93. The business has a 50-day simple moving average of $4.95 and a two-hundred day simple moving average of $4.58. Kinross Gold Co. has a fifty-two week low of $3.00 and a fifty-two week high of $5.57.
Kinross Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, May 31st. Kinross Gold’s dividend payout ratio (DPR) is 1,200.00%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on KGC. Bank of America lowered Kinross Gold from a “buy” rating to an “underperform” rating and set a $4.70 target price on the stock. in a research note on Wednesday, April 5th. StockNews.com raised shares of Kinross Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.18.
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. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.
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