60,455 Shares in Kinross Gold Co. (NYSE:KGC) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the 4th quarter, Holdings Channel reports. The fund acquired 60,455 shares of the mining company’s stock, valued at approximately $366,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale grew its stake in shares of Kinross Gold by 252.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 767,104 shares of the mining company’s stock worth $3,583,000 after buying an additional 549,735 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Kinross Gold by 197.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 124,575 shares of the mining company’s stock valued at $568,000 after acquiring an additional 82,652 shares in the last quarter. Pearl River Capital LLC grew its position in Kinross Gold by 17.9% during the 3rd quarter. Pearl River Capital LLC now owns 21,100 shares of the mining company’s stock worth $96,000 after acquiring an additional 3,200 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Kinross Gold by 544.1% in the 3rd quarter. Hsbc Holdings PLC now owns 1,156,541 shares of the mining company’s stock worth $5,287,000 after purchasing an additional 976,972 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in Kinross Gold by 611.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 447,784 shares of the mining company’s stock valued at $2,041,000 after purchasing an additional 384,836 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $7.51 on Thursday. Kinross Gold Co. has a 1-year low of $4.32 and a 1-year high of $8.27. The company has a current ratio of 1.15, a quick ratio of 0.45 and a debt-to-equity ratio of 0.20. The stock has a market cap of $9.23 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 0.48 and a beta of 1.23. The stock’s fifty day simple moving average is $7.31 and its two-hundred day simple moving average is $6.23.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Tuesday, May 7th. The mining company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Kinross Gold had a net margin of 9.86% and a return on equity of 9.34%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. As a group, analysts forecast that Kinross Gold Co. will post 0.51 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.60%. Kinross Gold’s payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Kinross Gold from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. BMO Capital Markets increased their price objective on Kinross Gold from $10.00 to $11.50 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Cormark raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, May 9th. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Finally, StockNews.com upgraded Kinross Gold from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kinross Gold presently has a consensus rating of “Moderate Buy” and an average price target 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.