5 TSX-60 Stocks that Pay Dividends

4. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 31

Dividend Yield as of April 27: 2.38%

Kinross Gold Corporation (NYSE:KGC) is a Toronto-based company that acquires, explores, and develops gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. 

On February 16, Kinross Gold Corporation (NYSE:KGC) declared a quarterly dividend of $0.03 per share, in line with previous. The dividend was paid on March 24, to shareholders of the company as of March 9. Kinross Gold Corporation (NYSE:KGC)’s dividend yield on April 27 stood at 2.38%.

Barclays analyst Matthew Murphy raised the price target on Kinross Gold Corporation (NYSE:KGC) to $7 from $6 and reiterated an Overweight rating on the shares on April 21. While the commodity market has been supportive for resource equities, as growth moderates and supply shocks persist, investors need to consider the possibility of margin compression, the analyst stated in a research note. He remains Overweight on select miners, with a preference for gold.

Among the hedge funds tracked by Insider Monkey at the end of December 2021, 31 funds were long Kinross Gold Corporation (NYSE:KGC), up from 27 funds in the preceding quarter. Jim Simons’ Renaissance Technologies is the largest shareholder of the company, with approximately 25 million shares worth $145 million.