DGS Capital Management LLC Takes Position in Kinross Gold Co. (NYSE:KGC)

DGS Capital Management LLC bought a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,789 shares of the mining company’s stock, valued at approximately $138,000.

A number of other large investors also recently modified their holdings of KGC. Allspring Global Investments Holdings LLC raised its holdings in Kinross Gold by 634.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company’s stock worth $36,971,000 after buying an additional 3,405,478 shares during the last quarter. National Bank of Canada FI increased its position in shares of Kinross Gold by 31.2% during the second quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company’s stock worth $78,946,000 after acquiring an additional 2,267,999 shares in the last quarter. Artemis Investment Management LLP raised its holdings in shares of Kinross Gold by 28.0% in the 3rd quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company’s stock worth $80,191,000 after acquiring an additional 1,871,939 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Kinross Gold by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock valued at $72,867,000 after acquiring an additional 1,777,076 shares in the last quarter. Finally, Andra AP fonden acquired a new position in Kinross Gold during the 2nd quarter valued at about $13,181,000. 63.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KGC shares. Jefferies Financial Group increased their price objective on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. Finally, Scotiabank lifted their price objective on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kinross Gold currently has an average rating of “Buy” and an average target price of $11.13.

Kinross Gold Price Performance

Shares of NYSE KGC opened at $9.77 on Friday. The company has a market capitalization of $12.01 billion, a PE ratio of 16.02, a PEG ratio of 0.44 and a beta of 1.21. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $10.00 and its 200-day moving average price is $9.14. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was up 29.9% on a year-over-year basis. On average, equities analysts anticipate that Kinross Gold Co. will post 0.7 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.12 annualized dividend and a yield of 1.23%. 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.