Kinross Gold Co. (NYSE:KGC) Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,452 shares of the mining company's stock after purchasing an additional 58,243 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Kinross Gold were worth $2,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp lifted its stake 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 in the last quarter. Norges Bank purchased a new stake in Kinross Gold during the fourth quarter worth about $280,697,000. First Eagle Investment Management LLC lifted its position in shares of Kinross Gold by 80.9% during the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock worth $116,898,000 after purchasing an additional 5,639,383 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Kinross Gold by 174.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company's stock valued at $30,141,000 after purchasing an additional 2,065,693 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Kinross Gold by 34.1% in the fourth quarter. Geode Capital Management LLC now owns 7,682,835 shares of the mining company's stock valued at $74,128,000 after purchasing an additional 1,952,552 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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Kinross Gold Stock Up 4.7 %

Shares of KGC traded up $0.64 during mid-day trading on Friday, reaching $14.33. The company's stock had a trading volume of 24,165,801 shares, compared to its average volume of 17,729,884. The company's 50 day moving average is $11.83 and its 200 day moving average is $10.65. The stock has a market cap of $17.64 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. Kinross Gold Co. has a 12-month low of $6.20 and a 12-month high of $14.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

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 analysts' consensus estimates 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 anticipate that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.84%. Kinross Gold's dividend payout ratio is presently 15.58%.

Analyst Upgrades and Downgrades

Several brokerages have commented on KGC. Raymond James raised their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday, April 4th. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 4th. CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $12.30.

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.