BNP Paribas Financial Markets Buys 998,763 Shares of Kinross Gold Co. (NYSE:KGC)

BNP Paribas Financial Markets boosted its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 326.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,304,595 shares of the mining company's stock after acquiring an additional 998,763 shares during the period. BNP Paribas Financial Markets owned 0.11% of Kinross Gold worth $12,211,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Kinross Gold by 18.0% during the 3rd quarter. FMR LLC now owns 2,896,047 shares of the mining company's stock valued at $27,131,000 after purchasing an additional 441,202 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Kinross Gold by 7.3% in the third quarter. The Manufacturers Life Insurance Company now owns 7,094,622 shares of the mining company's stock worth $66,509,000 after buying an additional 480,568 shares during the period. Qsemble Capital Management LP purchased a new stake in Kinross Gold in the third quarter worth about $183,000. Daiwa Securities Group Inc. boosted its position in Kinross Gold by 187.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 74,200 shares of the mining company's stock valued at $695,000 after acquiring an additional 48,400 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Kinross Gold by 93.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 24,945 shares of the mining company's stock worth $233,000 after acquiring an additional 12,058 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Down 1.9 %

Shares of KGC traded down $0.18 during trading hours on Monday, hitting $9.53. The company had a trading volume of 12,475,403 shares, compared to its average volume of 15,498,118. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $10.82. The firm has a fifty day moving average price of $9.93 and a 200-day moving average price of $9.02. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 0.43 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business's revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, equities research analysts forecast that Kinross Gold Co. will post 0.7 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold's dividend payout ratio is currently 19.67%.

Analysts Set New Price Targets

Several research firms recently weighed in on KGC. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. Scotiabank boosted their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group increased their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and an average target price of $11.13.

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.