Kinross Gold Co. (NYSE:KGC) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 105.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 551,213 shares of the mining company’s stock after acquiring an additional 283,160 shares during the period. Assenagon Asset Management S.A.’s holdings in Kinross Gold were worth $5,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of Kinross Gold by 60.2% in the second quarter. Envestnet Asset Management Inc. now owns 265,650 shares of the mining company’s stock valued at $2,210,000 after acquiring an additional 99,812 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Kinross Gold by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock valued at $72,867,000 after purchasing an additional 1,777,076 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Kinross Gold by 11.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 49,348 shares of the mining company’s stock valued at $410,000 after buying an additional 5,232 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Kinross Gold in the second quarter valued at $7,650,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Kinross Gold in the second quarter valued at $190,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KGC shares. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. Jefferies Financial Group upped their target price on Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinross Gold has a consensus rating of “Buy” and an average price target of $11.13.

Kinross Gold Stock Performance

Shares of KGC stock opened at $10.31 on Tuesday. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.51 and a beta of 1.21. The stock has a 50 day simple moving average of $9.80 and a 200-day simple moving average of $9.51. Kinross Gold Co. has a 12-month low of $4.75 and a 12-month high of $10.82. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. On average, equities analysts forecast that Kinross Gold Co. will post 0.72 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s payout ratio is currently 19.67%.

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.