Kinross Gold Co. (NYSE:KGC) Short Interest Update

Kinross Gold Co. (NYSE:KGC) (TSE:K) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 11,510,000 shares, an increase of 8.2% from the January 15th total of 10,640,000 shares. Based on an average daily volume of 18,940,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Kinross Gold

Several large investors have recently bought and sold shares of the stock. Capstone Investment Advisors LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth about $774,000. Mediolanum International Funds Ltd purchased a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $2,506,000. International Assets Investment Management LLC purchased a new stake in shares of Kinross Gold in the third quarter valued at approximately $780,000. Geode Capital Management LLC raised its holdings in Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after purchasing an additional 828,456 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in Kinross Gold by 25.7% during the third quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock worth $3,186,000 after purchasing an additional 69,520 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KGC shares. CIBC raised their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and an average price target of $11.63.

Kinross Gold Trading Down 0.6 %

NYSE KGC traded down $0.07 on Tuesday, reaching $11.21. 3,289,928 shares of the company were exchanged, compared to its average volume of 21,586,834. The business’s fifty day moving average price is $10.39 and its 200 day moving average price is $9.84. The stock has a market capitalization of $13.77 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. Kinross Gold has a fifty-two week low of $4.75 and a fifty-two week high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. Analysts forecast that Kinross Gold will post 0.73 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.07%. Kinross Gold’s dividend payout ratio is presently 19.67%.

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.