Andra AP fonden Buys 241,100 Shares of Kinross Gold Co. (NYSE:KGC)

Andra AP fonden boosted its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 14.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,959,500 shares of the mining company's stock after acquiring an additional 241,100 shares during the period. Andra AP fonden owned 0.16% of Kinross Gold worth $18,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its stake in shares of Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company's stock valued at $115,000 after purchasing an additional 981 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Kinross Gold by 9.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,708 shares of the mining company's stock worth $241,000 after buying an additional 2,200 shares in the last quarter. US Bancorp DE boosted its position in shares of Kinross Gold by 33.4% in the third quarter. US Bancorp DE now owns 45,521 shares of the mining company's stock valued at $426,000 after acquiring an additional 11,394 shares during the period. Fiera Capital Corp purchased a new position in Kinross Gold during the third quarter valued at approximately $99,000. Finally, Entropy Technologies LP bought a new stake in Kinross Gold during the 3rd quarter worth approximately $1,259,000. Institutional investors own 63.69% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on KGC shares. StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $11.63.

Kinross Gold Price Performance

Shares of Kinross Gold stock traded down $0.05 on Wednesday, hitting $11.13. 16,285,660 shares of the company traded hands, compared to its average volume of 22,830,938. Kinross Gold Co. has a 12-month low of $5.44 and a 12-month high of $12.28. The firm's 50-day simple moving average is $10.91 and its 200 day simple moving average is $10.10. The company has a market cap of $13.67 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.68 and a beta of 1.29. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. Kinross Gold's payout ratio is 15.58%.

Kinross Gold Company 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.