JPMorgan Chase & Co. Has $124.58 Million Stake in Kinross Gold Co. (NYSE:KGC)

JPMorgan Chase & Co. raised its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,438,786 shares of the mining company’s stock after purchasing an additional 1,793,065 shares during the period. JPMorgan Chase & Co.’s holdings in Kinross Gold were worth $124,578,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Signaturefd LLC boosted its stake in shares of Kinross Gold by 2.2% in the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock valued at $381,000 after buying an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC lifted its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after acquiring an additional 1,002 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock worth $423,000 after purchasing an additional 1,079 shares in the last quarter. Schechter Investment Advisors LLC increased its position in shares of Kinross Gold by 2.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after purchasing an additional 1,080 shares during the period. Finally, Atomi Financial Group Inc. raised its stake in Kinross Gold by 4.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after purchasing an additional 1,106 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $12.59 on Wednesday. The company’s 50 day moving average price is $11.49 and its two-hundred day moving average price is $10.44. The firm has a market capitalization of $15.49 billion, a P/E ratio of 16.35, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a fifty-two week low of $6.16 and a fifty-two week high of $12.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, equities analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.95%. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KGC shares. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. CIBC increased their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $11.63.

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.