Kinross Gold Co. (NYSE:KGC) Shares Acquired by US Bancorp DE

US Bancorp DE increased its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 33.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,521 shares of the mining company’s stock after purchasing an additional 11,394 shares during the quarter. US Bancorp DE’s holdings in Kinross Gold were worth $426,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KGC. Private Advisor Group LLC lifted its holdings in Kinross Gold by 8.7% in the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after acquiring an additional 981 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Kinross Gold by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock valued at $447,000 after acquiring an additional 1,235 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Kinross Gold by 10.1% in the 1st quarter. Cetera Advisors LLC now owns 19,873 shares of the mining company’s stock valued at $122,000 after acquiring an additional 1,828 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Kinross Gold by 18.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock valued at $119,000 after acquiring an additional 2,180 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Kinross Gold by 9.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock valued at $241,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Price Performance

Shares of KGC opened at $9.45 on Tuesday. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.51 and a beta of 1.22. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $10.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.52. The business’s 50-day moving average is $9.74 and its 200-day moving average is $8.74.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 29.9% on a year-over-year basis. Equities research analysts expect that Kinross Gold Co. will post 0.69 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be given a $0.03 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. Kinross Gold’s dividend payout ratio is 19.67%.

Wall Street Analysts Forecast Growth

KGC has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 4th. Scotiabank upped their price objective on shares of Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

About Kinross Gold

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.