Kinross Gold Co. (NYSE:KGC) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 56.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 100,181 shares of the mining company’s stock after purchasing an additional 36,132 shares during the period. Natixis Advisors LLC’s holdings in Kinross Gold were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC lifted its holdings in shares of Kinross Gold by 8.7% during the third quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after purchasing an additional 981 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of Kinross Gold by 2.7% during the third quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock worth $447,000 after purchasing an additional 1,235 shares during the period. Cetera Advisors LLC lifted its holdings in shares of Kinross Gold by 10.1% during the first quarter. Cetera Advisors LLC now owns 19,873 shares of the mining company’s stock worth $122,000 after purchasing an additional 1,828 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Kinross Gold by 18.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock worth $119,000 after purchasing an additional 2,180 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Kinross Gold by 9.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock worth $241,000 after purchasing an additional 2,200 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Down 1.9 %

Shares of KGC stock opened at $9.79 on Thursday. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $10.82. The stock has a market cap of $12.03 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.47 and a beta of 1.22. The business has a fifty day simple moving average of $9.92 and a 200-day simple moving average of $8.98. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last posted 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. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, analysts forecast that Kinross Gold Co. will post 0.7 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, November 27th. Kinross Gold’s payout ratio is 19.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on KGC shares. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Scotiabank raised their target price on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, Jefferies Financial Group raised their target price on Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kinross Gold presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

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. 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.