SCP Investment LP Has $187,000 Position in Kinross Gold Co. (NYSE:KGC)

SCP Investment LP raised its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 18.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,000 shares of the mining company’s stock after buying an additional 4,400 shares during the period. Kinross Gold comprises about 0.1% of SCP Investment LP’s investment portfolio, making the stock its 22nd biggest holding. SCP Investment LP’s holdings in Kinross Gold were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. MD Financial Management Inc. acquired a new stake in shares of Kinross Gold during the 1st quarter valued at $31,000. International Assets Investment Management LLC lifted its stake in shares of Kinross Gold by 96.6% in the 1st quarter. International Assets Investment Management LLC now owns 23,002 shares of the mining company’s stock valued at $42,000 after purchasing an additional 11,301 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Kinross Gold in the 1st quarter valued at $48,000. Sepio Capital LP acquired a new stake in shares of Kinross Gold in the 1st quarter valued at $69,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Kinross Gold in the 1st quarter valued at $71,000. 45.66% of the stock is owned by institutional investors.

Shares of NYSE:KGC traded down $0.12 on Friday, hitting $7.84. 108,175 shares of the company were exchanged, compared to its average volume of 14,817,297. The firm’s 50 day moving average price is $7.63. Kinross Gold Co. has a one year low of $5.88 and a one year high of $10.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.14. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 7.37 and a beta of 0.86.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Monday, May 10th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Kinross Gold had a net margin of 31.69% and a return on equity of 16.56%. The company had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts expect that Kinross Gold Co. will post 0.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 17th. Stockholders of record on Thursday, June 3rd will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, June 2nd. This represents a $0.12 annualized dividend and a dividend yield of 1.53%. Kinross Gold’s payout ratio is 7.79%.

KGC has been the subject of several analyst reports. TheStreet lowered shares of Kinross Gold from a “b” rating to a “c+” rating in a research note on Friday, May 28th. National Bank Financial reaffirmed an “outperform” rating on shares of Kinross Gold in a research note on Friday, April 23rd. TD Securities reduced their price objective on shares of Kinross Gold from $14.00 to $13.50 and set a “buy” rating for the company in a research note on Friday, February 12th. JPMorgan Chase & Co. cut their target price on shares of Kinross Gold from $11.00 to $9.00 in a research report on Tuesday, April 27th. Finally, Raymond James boosted their target price on shares of Kinross Gold from $10.50 to $13.30 and gave the stock an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Kinross Gold currently has a consensus rating of “Buy” and a consensus price target of $11.82.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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

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