64,049 Shares in Kinross Gold Co. (NYSE:KGC) Acquired by Natixis Advisors LLC

Natixis Advisors LLC purchased a new position in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,049 shares of the mining company’s stock, valued at approximately $533,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC lifted its holdings in shares of Kinross Gold by 10.1% in the 1st 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 in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Kinross Gold by 1.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 130,473 shares of the mining company’s stock worth $790,000 after buying an additional 2,204 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Kinross Gold by 3.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 105,372 shares of the mining company’s stock valued at $647,000 after buying an additional 3,070 shares in the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Kinross Gold by 4.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 81,666 shares of the mining company’s stock valued at $494,000 after buying an additional 3,500 shares during the last quarter. Finally, Pullen Investment Management LLC increased its position in shares of Kinross Gold by 1.9% during the second quarter. Pullen Investment Management LLC now owns 190,973 shares of the mining company’s stock worth $1,589,000 after acquiring an additional 3,536 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on KGC. BMO Capital Markets lifted their price target on Kinross Gold from $10.00 to $11.50 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. CIBC upped their price target on Kinross Gold from $8.15 to $12.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Scotiabank raised their price objective on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group lifted their price objective on shares of Kinross Gold from $7.00 to $9.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.33.

Kinross Gold Price Performance

Kinross Gold stock opened at $9.78 on Friday. The firm has a market capitalization of $12.01 billion, a P/E ratio of 27.15, a PEG ratio of 0.48 and a beta of 1.23. Kinross Gold Co. has a one year low of $4.32 and a one year high of $9.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.27 and a quick ratio of 0.52. The business has a fifty day moving average price of $8.89 and a 200-day moving average price of $7.54.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, July 31st. The mining company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. Kinross Gold had a return on equity of 9.32% and a net margin of 10.91%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts forecast that Kinross Gold Co. will post 0.58 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. Kinross Gold’s dividend payout ratio (DPR) is presently 33.33%.

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.