denkapparat Operations GmbH Invests $383,000 in Kinross Gold Co. (NYSE:KGC)

denkapparat Operations GmbH acquired a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,272 shares of the mining company’s stock, valued at approximately $383,000.

A number of other institutional investors have also recently added to or reduced their stakes in KGC. Natixis Advisors LLC boosted its position in Kinross Gold by 56.4% during the third quarter. Natixis Advisors LLC now owns 100,181 shares of the mining company’s stock worth $938,000 after purchasing an additional 36,132 shares in the last quarter. Citigroup Inc. grew its stake in Kinross Gold by 244.4% in the 3rd quarter. Citigroup Inc. now owns 433,061 shares of the mining company’s stock valued at $4,062,000 after acquiring an additional 307,326 shares during the last quarter. Cerity Partners LLC increased its holdings in Kinross Gold by 11.9% during the 3rd quarter. Cerity Partners LLC now owns 84,628 shares of the mining company’s stock valued at $792,000 after acquiring an additional 8,993 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Kinross Gold by 93.6% in the third quarter. Kingsview Wealth Management LLC now owns 24,945 shares of the mining company’s stock valued at $233,000 after purchasing an additional 12,058 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Kinross Gold by 187.6% in the third quarter. Daiwa Securities Group Inc. now owns 74,200 shares of the mining company’s stock valued at $695,000 after purchasing an additional 48,400 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE:KGC opened at $12.49 on Friday. Kinross Gold Co. has a fifty-two week low of $5.93 and a fifty-two week high of $12.63. The firm’s 50 day moving average is $11.36 and its two-hundred day moving average is $10.35. The company has a market cap of $15.36 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.68 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.96%. Kinross Gold’s dividend payout ratio is currently 15.58%.

Analyst Upgrades and Downgrades

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