PBU The Pension Fund of Early Childhood & Youth Educators Makes New $11.72 Million Investment in Kinross Gold Corporation $KGC

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 415,552 shares of the mining company’s stock, valued at approximately $11,720,000.

A number of other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of Kinross Gold by 3.2% during the 4th quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company’s stock valued at $262,000 after buying an additional 292 shares during the last quarter. Turning Point Benefit Group Inc. lifted its position in shares of Kinross Gold by 6.6% during the 4th quarter. Turning Point Benefit Group Inc. now owns 6,315 shares of the mining company’s stock valued at $178,000 after buying an additional 393 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Kinross Gold by 32.9% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,950 shares of the mining company’s stock valued at $55,000 after buying an additional 483 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Kinross Gold by 2.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company’s stock valued at $629,000 after buying an additional 521 shares during the last quarter. Finally, Cadence Wealth Management LLC lifted its position in shares of Kinross Gold by 1.3% during the 3rd quarter. Cadence Wealth Management LLC now owns 46,233 shares of the mining company’s stock valued at $1,149,000 after buying an additional 581 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Price Performance

Shares of Kinross Gold stock opened at $26.15 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $31.19 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. The business’s 50-day moving average price is $30.68 and its 200-day moving average price is $30.90. Kinross Gold Corporation has a 12 month low of $14.71 and a 12 month high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, April 29th. The mining company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The company’s revenue was up 60.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. Sell-side analysts forecast that Kinross Gold Corporation will post 2.91 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. Kinross Gold’s dividend payout ratio is 6.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada raised Kinross Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $36.00 to $45.00 in a research report on Thursday, March 12th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. TD Securities decreased their price objective on Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings lowered Kinross Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold Company Profile

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.