Amundi Acquires 492,611 Shares of Kinross Gold Co. (NYSE:KGC)

Amundi lifted its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,794,489 shares of the mining company’s stock after buying an additional 492,611 shares during the period. Amundi’s holdings in Kinross Gold were worth $53,715,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new stake in shares of Kinross Gold in the 3rd quarter worth about $774,000. Mediolanum International Funds Ltd bought a new stake in shares of Kinross Gold in the 4th quarter worth about $2,506,000. Truist Financial Corp increased its holdings in shares of Kinross Gold by 48.2% in the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock worth $2,800,000 after buying an additional 98,196 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kinross Gold by 16.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after purchasing an additional 828,456 shares during the last quarter. Finally, DJE Kapital AG bought a new position in Kinross Gold during the 4th quarter valued at about $3,723,000. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Stock Performance

Shares of NYSE:KGC opened at $11.18 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.68 and a beta of 1.29. The firm’s 50-day moving average is $10.91 and its 200 day moving average is $10.10. Kinross Gold Co. has a 12 month low of $5.36 and a 12 month high of $12.28.

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

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. Kinross Gold’s dividend payout ratio is currently 15.58%.

Analyst Ratings Changes

KGC has been the topic of several analyst reports. StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.63.

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.