Trexquant Investment LP Purchases Shares of 460,532 Kinross Gold Co. (NYSE:KGC)

Trexquant Investment LP acquired a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the fourth quarter, Holdings Channel.com reports. The fund acquired 460,532 shares of the mining company’s stock, valued at approximately $2,786,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Kinross Gold by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 44,404,283 shares of the mining company’s stock valued at $202,484,000 after purchasing an additional 463,035 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Kinross Gold by 23.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 947,037 shares of the mining company’s stock valued at $5,707,000 after acquiring an additional 179,933 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Kinross Gold by 975.2% during the third quarter. Wellington Management Group LLP now owns 555,458 shares of the mining company’s stock worth $2,543,000 after purchasing an additional 503,799 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Kinross Gold by 4.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,846,537 shares of the mining company’s stock valued at $17,285,000 after buying an additional 124,055 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Kinross Gold by 13.3% during the 4th quarter. Mackenzie Financial Corp now owns 10,593,655 shares of the mining company’s stock worth $64,151,000 after acquiring an additional 1,239,966 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Up 2.4 %

Shares of NYSE:KGC traded up $0.19 during mid-day trading on Friday, hitting $8.07. 11,942,832 shares of the company traded hands, compared to its average volume of 15,750,811. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.45 and a current ratio of 1.15. Kinross Gold Co. has a 52-week low of $4.32 and a 52-week high of $8.23. The firm’s 50 day simple moving average is $6.70 and its 200 day simple moving average is $5.95. The firm has a market cap of $9.92 billion, a P/E ratio of 22.42, a PEG ratio of 0.49 and a beta of 1.14.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Tuesday, May 7th. The mining company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Kinross Gold had a return on equity of 9.34% and a net margin of 9.86%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. On average, equities analysts anticipate that Kinross Gold Co. will post 0.5 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, May 30th. Kinross Gold’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KGC shares. Jefferies Financial Group lifted their price target on Kinross Gold from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. StockNews.com raised Kinross Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. National Bank Financial reiterated an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Cormark raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, May 9th. Finally, CIBC raised their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.59.

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.