Intact Investment Management Inc. Has $14.02 Million Stake in Kinross Gold Co. (NYSE:KGC)

Intact Investment Management Inc. raised its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 4,059.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510,040 shares of the mining company's stock after purchasing an additional 1,473,740 shares during the period. Intact Investment Management Inc. owned 0.12% of Kinross Gold worth $14,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in shares of Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after buying an additional 4,788 shares during the period. Avior Wealth Management LLC lifted its position in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after buying an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. bought a new position in shares of Kinross Gold during the 4th quarter worth approximately $92,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

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Kinross Gold Stock Up 3.3 %

KGC traded up $0.38 on Monday, hitting $12.01. 20,198,843 shares of the company were exchanged, compared to its average volume of 17,168,454. Kinross Gold Co. has a 12 month low of $5.44 and a 12 month high of $12.29. The company has a market cap of $14.77 billion, a PE ratio of 15.60, a PEG ratio of 0.68 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The stock's fifty day moving average is $11.06 and its 200-day moving average is $10.18.

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 (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Equities research analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, March 5th. Kinross Gold's payout ratio is 15.58%.

Wall Street Analysts Forecast Growth

KGC has been the subject of several research analyst reports. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and a consensus target price of $11.63.

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.