Kinross Gold Co. (NYSE:KGC) Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 241.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,706,637 shares of the mining company's stock after purchasing an additional 1,206,251 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of Kinross Gold worth $15,821,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Kinross Gold by 28.8% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 260,452 shares of the mining company's stock valued at $2,415,000 after acquiring an additional 58,243 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Kinross Gold by 5.9% during the 4th quarter. Wells Fargo & Company MN now owns 529,328 shares of the mining company's stock valued at $4,907,000 after buying an additional 29,677 shares during the last quarter. Prudential PLC acquired a new stake in Kinross Gold during the fourth quarter worth about $270,000. Uniting Wealth Partners LLC bought a new position in Kinross Gold in the fourth quarter worth about $139,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Kinross Gold in the fourth quarter valued at approximately $118,000. Institutional investors and hedge funds own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

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

Kinross Gold Price Performance

KGC stock traded down $0.23 during trading hours on Friday, hitting $14.80. 19,608,958 shares of the stock traded hands, compared to its average volume of 17,752,002. Kinross Gold Co. has a one year low of $6.34 and a one year high of $15.34. 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 company has a market cap of $18.21 billion, a P/E ratio of 19.22, a P/E/G ratio of 0.68 and a beta of 1.12. The stock has a 50-day simple moving average of $12.11 and a 200 day simple moving average of $10.82.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data 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%. Equities analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend payout ratio 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.