Catalyst Funds Management Pty Ltd Raises Stock Position in Kinross Gold Co. (NYSE:KGC)

Catalyst Funds Management Pty Ltd lifted its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,600 shares of the mining company’s stock after buying an additional 8,100 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Kinross Gold were worth $1,016,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KGC. Jones Financial Companies Lllp raised its position in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC raised its position in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after purchasing an additional 4,788 shares during the last quarter. Avior Wealth Management LLC raised its position in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after purchasing an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in Kinross Gold in the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of KGC opened at $11.63 on Friday. 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 stock has a market capitalization of $14.29 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.68 and a beta of 1.29. The company’s fifty day moving average is $11.01 and its two-hundred day moving average is $10.14. Kinross Gold Co. has a 1 year low of $5.44 and a 1 year high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.03%. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

Analyst Upgrades and Downgrades

Several research firms recently commented on KGC. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday. CIBC boosted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $11.63.

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.