Kinross Gold Co. (NYSE:KGC) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 80.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,610,383 shares of the mining company's stock after purchasing an additional 5,639,383 shares during the period. First Eagle Investment Management LLC owned 1.03% of Kinross Gold worth $116,898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KGC. Van ECK Associates Corp lifted its holdings in shares of Kinross Gold by 62.2% in 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Kinross Gold in the third quarter valued at approximately $14,193,000. Intact Investment Management Inc. raised its position in shares of Kinross Gold by 4,059.9% in the fourth quarter. Intact Investment Management Inc. now owns 1,510,040 shares of the mining company's stock valued at $14,022,000 after buying an additional 1,473,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Kinross Gold by 10.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock valued at $136,028,000 after buying an additional 1,398,225 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Kinross Gold by 115.7% in the third quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company's stock valued at $19,455,000 after buying an additional 1,114,801 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KGC shares. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Kinross Gold has a consensus rating of "Buy" and a consensus target price of $11.63.

Kinross Gold Stock Up 3.3 %

Shares of KGC stock traded up $0.38 on Monday, hitting $12.01. The stock had a trading volume of 20,198,843 shares, compared to its average volume of 17,168,454. The stock's 50 day moving average is $11.06 and its 200-day moving average is $10.18. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 52-week low of $5.44 and a 52-week high of $12.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released 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 expect that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold's payout ratio is 15.58%.

Kinross Gold 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.