Bessemer Group Inc. Buys 42,400 Shares of Kinross Gold Co. (NYSE:KGC)

Bessemer Group Inc. grew its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 19,099.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,622 shares of the mining company's stock after purchasing an additional 42,400 shares during the period. Bessemer Group Inc.'s holdings in Kinross Gold were worth $395,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC increased its position in Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Kinross Gold during the 4th quarter worth about $42,000. Global Retirement Partners LLC lifted its stake in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after acquiring an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KGC shares. BMO Capital Markets initiated coverage on shares of Kinross Gold in a research report on Wednesday. They set an "outperform" rating for the company. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday. Scotiabank reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Monday. CIBC boosted their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $13.30.

Kinross Gold Trading Down 1.6 %

KGC traded down $0.23 during mid-day trading on Friday, hitting $14.80. The stock had a trading volume of 19,608,958 shares, compared to its average volume of 17,752,002. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The stock's fifty day simple moving average is $12.06 and its 200-day simple moving average is $10.78. Kinross Gold Co. has a 1-year low of $6.34 and a 1-year high of $15.34.

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

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.

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, 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.