Qsemble Capital Management LP Invests $183,000 in Kinross Gold Co. (NYSE:KGC)

Qsemble Capital Management LP acquired a new position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) during the third quarter, Holdings Channel reports. The fund acquired 19,562 shares of the mining company’s stock, valued at approximately $183,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Boston Partners boosted its position in shares of Kinross Gold by 7.9% during the 1st quarter. Boston Partners now owns 18,226,824 shares of the mining company’s stock worth $111,730,000 after purchasing an additional 1,328,372 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Kinross Gold by 5.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,267,312 shares of the mining company’s stock worth $124,276,000 after acquiring an additional 642,007 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Kinross Gold by 6.2% in the 2nd quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company’s stock worth $91,255,000 after acquiring an additional 643,013 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Kinross Gold by 31.2% in the 2nd quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company’s stock worth $78,946,000 after acquiring an additional 2,267,999 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Kinross Gold by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock worth $72,867,000 after acquiring an additional 1,777,076 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank increased their price objective on shares of Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $11.13.

Kinross Gold Stock Performance

NYSE KGC opened at $9.80 on Friday. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $10.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The company has a market capitalization of $12.04 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.45 and a beta of 1.22. The company has a fifty day moving average of $9.93 and a 200-day moving average of $8.99.

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

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold’s payout ratio is presently 19.67%.

Kinross Gold Profile

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.