Barclays PLC Has $4.13 Million Holdings in Kinross Gold Co. (NYSE:KGC)

Barclays PLC lowered its position in Kinross Gold Co. (NYSE:KGCFree Report) (TSE:K) by 44.7% during the third quarter, Holdings Channel reports. The firm owned 441,413 shares of the mining company’s stock after selling 357,224 shares during the period. Barclays PLC’s holdings in Kinross Gold were worth $4,133,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Raymond James & Associates raised its stake in Kinross Gold by 26.3% during the second quarter. Raymond James & Associates now owns 270,875 shares of the mining company’s stock worth $2,254,000 after buying an additional 56,324 shares during the last quarter. Fifth Third Bancorp grew its holdings in Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after acquiring an additional 9,375 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Kinross Gold in the 2nd quarter worth about $4,464,000. Atomi Financial Group Inc. acquired a new position in shares of Kinross Gold in the 2nd quarter valued at about $221,000. Finally, Pullen Investment Management LLC boosted its position in shares of Kinross Gold by 1.9% during the 2nd quarter. Pullen Investment Management LLC now owns 190,973 shares of the mining company’s stock valued at $1,589,000 after purchasing an additional 3,536 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Trading Up 2.0 %

Shares of Kinross Gold stock opened at $9.25 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. The stock has a 50 day moving average price of $9.97 and a two-hundred day moving average price of $9.20. The stock has a market capitalization of $11.37 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.44 and a beta of 1.21.

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

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.30%. Kinross Gold’s dividend payout ratio (DPR) is currently 19.67%.

Wall Street Analysts Forecast Growth

KGC has been the topic of several recent analyst reports. 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 upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $11.13.

View Our Latest Stock Analysis on Kinross Gold

Kinross Gold Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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