DGS Capital Management LLC Takes Position in Kinross Gold Co. (NYSE:KGC)

DGS Capital Management LLC bought a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,789 shares of the mining company’s stock, valued at approximately $138,000.

Several other hedge funds and other institutional investors have also modified their holdings of KGC. Allspring Global Investments Holdings LLC grew its holdings in Kinross Gold by 634.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company’s stock valued at $36,971,000 after buying an additional 3,405,478 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Kinross Gold by 31.2% in the second quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company’s stock valued at $78,946,000 after acquiring an additional 2,267,999 shares in the last quarter. Artemis Investment Management LLP increased its position in Kinross Gold by 28.0% during the third quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company’s stock worth $80,191,000 after acquiring an additional 1,871,939 shares during the period. Dimensional Fund Advisors LP raised its stake in Kinross Gold by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock worth $72,867,000 after purchasing an additional 1,777,076 shares in the last quarter. Finally, Andra AP fonden bought a new stake in Kinross Gold in the 2nd quarter valued at about $13,181,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $9.77 on Friday. The company has a market cap of $12.01 billion, a P/E ratio of 16.02, a PEG ratio of 0.44 and a beta of 1.21. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $9.14. Kinross Gold Co. has a 1-year low of $4.75 and a 1-year high of $10.82.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. As a group, analysts anticipate that Kinross Gold Co. will post 0.7 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, November 27th. Kinross Gold’s dividend payout ratio is presently 19.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KGC shares. Jefferies Financial Group boosted their price target on Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. Finally, Scotiabank raised their price target on Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and an average 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.