41,272 Shares in Kinross Gold Co. (NYSE:KGC) Acquired by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 41,272 shares of the mining company’s stock, valued at approximately $383,000.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on KGC shares. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, CIBC boosted their target price 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $11.63.

Kinross Gold Trading Up 2.3 %

Kinross Gold stock opened at $12.49 on Friday. The company has a market cap of $15.36 billion, a P/E ratio of 16.21, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1 year low of $5.93 and a 1 year high of $12.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The firm’s 50-day moving average is $11.36 and its 200-day moving average is $10.35.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its 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%. On average, equities analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.96%. The ex-dividend date was Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is 15.58%.

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.