CANADA LIFE ASSURANCE Co Has $14.43 Million Stock Position in Kinross Gold Co. (NYSE:KGC)

CANADA LIFE ASSURANCE Co lowered its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,560,246 shares of the mining company's stock after selling 27,870 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.13% of Kinross Gold worth $14,430,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Kinross Gold by 62.2% during the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the period. Norges Bank bought a new stake in Kinross Gold during the fourth quarter worth about $280,697,000. First Eagle Investment Management LLC raised its stake in shares of Kinross Gold by 80.9% in the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after acquiring an additional 5,639,383 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Kinross Gold by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after acquiring an additional 3,224,455 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in Kinross Gold by 174.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company's stock worth $30,141,000 after acquiring an additional 2,065,693 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James lifted their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Finally, Scotiabank reissued an "outperform" rating on shares of Kinross Gold in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and an average price target of $13.30.

Kinross Gold Stock Up 2.2 %

Shares of NYSE:KGC traded up $0.32 during trading on Thursday, hitting $14.67. 18,905,865 shares of the company were exchanged, compared to its average volume of 17,824,257. Kinross Gold Co. has a fifty-two week low of $6.42 and a fifty-two week high of $15.46. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average price of $12.30 and a two-hundred day moving average price of $10.92. The stock has a market cap of $18.05 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 0.68 and a beta of 1.12.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. As a group, research analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, March 5th. 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.