Kinross Gold Corporation $KGC Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group increased its stake in Kinross Gold Corporation by 19.6% in Q2, now owning 2,525,188 shares worth $39.47 million. Other investors also raised their positions. Kinross Gold's stock performance shows a market cap of $34.20 billion, with recent earnings beating estimates. The company announced a quarterly dividend increase to $0.035 per share. Analysts have given mixed ratings, with several maintaining a 'buy' rating.

Schroder Investment Management Group lifted its position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 19.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,525,188 shares of the mining company's stock after purchasing an additional 413,771 shares during the quarter. Schroder Investment Management Group owned about 0.21% of Kinross Gold worth $39,469,000 as of its most recent SEC filing.

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Other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in Kinross Gold by 20.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 19,101 shares of the mining company's stock worth $241,000 after buying an additional 3,241 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Kinross Gold in the first quarter worth $55,000. Natixis Advisors LLC increased its stake in shares of Kinross Gold by 20.8% in the first quarter. Natixis Advisors LLC now owns 169,671 shares of the mining company's stock worth $2,140,000 after acquiring an additional 29,240 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Kinross Gold by 166.2% during the first quarter. Jupiter Asset Management Ltd. now owns 518,654 shares of the mining company's stock worth $6,533,000 after purchasing an additional 323,788 shares during the last quarter. Finally, Scotia Capital Inc. lifted its position in Kinross Gold by 36.6% during the first quarter. Scotia Capital Inc. now owns 245,251 shares of the mining company's stock valued at $3,087,000 after purchasing an additional 65,678 shares during the period. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Performance

NYSE KGC opened at $28.33 on Tuesday. The stock has a market capitalization of $34.20 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 0.42 and a beta of 0.60. The stock has a 50-day moving average of $24.90 and a 200 day moving average of $20.08. The company has a current ratio of 2.84, a quick ratio of 1.45 and a debt-to-equity ratio of 0.16. Kinross Gold Corporation has a twelve month low of $8.99 and a twelve month high of $28.81.

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Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, November 4th. The mining company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.72 billion. Kinross Gold had a return on equity of 20.04% and a net margin of 25.18%.Kinross Gold's quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. Sell-side analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. This is a boost from Kinross Gold's previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 26th. Kinross Gold's dividend payout ratio (DPR) is 9.79%.

Wall Street Analyst Weigh In

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Several equities research analysts have weighed in on KGC shares. Desjardins began coverage on Kinross Gold in a research report on Friday. They set a "buy" rating on the stock. CIBC upped their target price on Kinross Gold from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Thursday, November 20th. Cormark cut Kinross Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, October 29th. TD Securities boosted their price target on Kinross Gold from $22.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Four investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $27.94.

Check Out Our Latest Analysis on Kinross Gold

Kinross Gold 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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