Kinross Gold Co. (NYSE:KGC) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,711,646 shares of the mining company's stock after purchasing an additional 172,267 shares during the quarter. American Century Companies Inc. owned about 0.63% of Kinross Gold worth $71,561,000 as of its most recent filing with the SEC.

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

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Analyst Ratings Changes

A number of analysts recently weighed in on KGC shares. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. CIBC raised their price objective 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. Finally, StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $11.63.

Kinross Gold Price Performance

KGC stock traded down $0.02 during trading on Friday, reaching $12.50. 19,961,229 shares of the company were exchanged, compared to its average volume of 17,529,605. Kinross Gold Co. has a 52-week low of $6.13 and a 52-week high of $12.90. 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 company has a market cap of $15.37 billion, a P/E ratio of 16.23, a PEG ratio of 0.68 and a beta of 1.29. The stock's 50 day moving average price is $11.40 and its 200 day moving average price is $10.39.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS 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%. As a group, analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.

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.