Leonteq Securities AG Takes $537,000 Position in Kinross Gold Corporation $KGC

Leonteq Securities AG acquired a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,065 shares of the mining company’s stock, valued at approximately $537,000.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Kinross Gold in the fourth quarter valued at about $26,000. Financial Management Professionals Inc. bought a new position in shares of Kinross Gold in the fourth quarter valued at about $26,000. Caitlin John LLC bought a new position in shares of Kinross Gold in the third quarter valued at about $26,000. Virtus Advisers LLC bought a new position in shares of Kinross Gold in the third quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Kinross Gold in the third quarter valued at about $29,000. 63.69% of the stock is owned by institutional investors.

Kinross Gold Price Performance

NYSE:KGC opened at $28.27 on Friday. Kinross Gold Corporation has a 52 week low of $14.35 and a 52 week high of $39.11. The firm has a market cap of $33.71 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.03 and a beta of 0.73. The firm’s 50-day simple moving average is $30.80 and its 200 day simple moving average is $30.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.84.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the firm earned $0.30 earnings per share. Kinross Gold’s revenue for the quarter was up 60.8% compared to the same quarter last year. As a group, sell-side analysts predict that Kinross Gold Corporation will post 2.92 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, May 21st. Kinross Gold’s dividend payout ratio (DPR) is currently 6.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KGC shares. Zacks Research lowered shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. TD Securities lowered their price target on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Scotiabank raised their price target on shares of Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings lowered shares of Kinross Gold from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday. Finally, ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.81.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.