National Bank of Canada FI Purchases 70,376 Shares of Kinross Gold Co. (NYSE:KGC)

National Bank of Canada FI raised its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,612,585 shares of the mining company’s stock after purchasing an additional 70,376 shares during the quarter. National Bank of Canada FI owned 0.78% of Kinross Gold worth $90,022,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Private Advisor Group LLC increased its holdings in Kinross Gold by 8.7% in the third quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after purchasing an additional 981 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Kinross Gold by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock valued at $447,000 after buying an additional 1,235 shares during the period. Cetera Advisors LLC raised its position 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 acquiring an additional 1,828 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Kinross Gold by 18.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,265 shares of the mining company’s stock worth $119,000 after acquiring an additional 2,180 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Kinross Gold by 9.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company’s stock valued at $241,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Down 1.5 %

Shares of NYSE:KGC opened at $9.75 on Friday. The firm has a market cap of $11.98 billion, a P/E ratio of 15.98, a PEG ratio of 0.44 and a beta of 1.21. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $10.82. The business’s 50 day simple moving average is $9.94 and its two-hundred day simple moving average is $9.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

Kinross Gold (NYSE:KGC) (TSE:K) last released 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. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, research analysts forecast that Kinross Gold Co. will post 0.7 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be issued a dividend of $0.03 per share. 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 dividend payout ratio is currently 19.67%.

Analyst Ratings Changes

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

Kinross Gold 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.