Generali Asset Management SPA SGR Buys Shares of 286,347 Kinross Gold Co. (NYSE:KGC)

Generali Asset Management SPA SGR acquired a new position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 286,347 shares of the mining company's stock, valued at approximately $2,654,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KGC. Van ECK Associates Corp boosted its position in Kinross Gold by 62.2% during the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after acquiring an additional 44,610,091 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 worth $136,028,000 after purchasing an additional 1,398,225 shares during the period. First Eagle Investment Management LLC grew its position in Kinross Gold by 80.9% in the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after buying an additional 5,639,383 shares in the last quarter. National Bank of Canada FI increased its stake in Kinross Gold by 0.7% during the 3rd quarter. National Bank of Canada FI now owns 9,612,585 shares of the mining company's stock valued at $90,022,000 after buying an additional 70,376 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Kinross Gold by 7.3% during the 3rd 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 in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on KGC. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, CIBC upped their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $11.63.

Kinross Gold Price Performance

Shares of NYSE KGC traded up $0.05 during mid-day trading on Monday, reaching $12.21. The company had a trading volume of 15,541,509 shares, compared to its average volume of 17,246,222. The company has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $10.27. The stock has a market cap of $15.02 billion, a PE ratio of 15.85, a P/E/G ratio of 0.68 and a beta of 1.29. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 1-year low of $5.67 and a 1-year high of $12.39.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted 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%. On average, equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend 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.