Hillsdale Investment Management Inc. Grows Stock Position in Kinross Gold Co. (NYSE:KGC)

Hillsdale Investment Management Inc. boosted its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 174.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,249,033 shares of the mining company's stock after buying an additional 2,065,693 shares during the period. Kinross Gold accounts for about 1.5% of Hillsdale Investment Management Inc.'s portfolio, making the stock its 13th largest holding. Hillsdale Investment Management Inc. owned 0.26% of Kinross Gold worth $30,141,000 at the end of the most recent reporting period.

Other hedge funds have also 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 fourth 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 position in shares of Kinross Gold during the fourth quarter worth $42,000. Global Retirement Partners LLC increased its holdings in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after buying an additional 4,788 shares during the last quarter. Avior Wealth Management LLC raised its stake in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after buying an additional 5,140 shares in the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in Kinross Gold during the 4th quarter worth about $92,000. Institutional investors and hedge funds own 63.69% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KGC shares. CIBC raised their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $11.63.

Kinross Gold Stock Performance

KGC traded down $0.11 on Wednesday, hitting $12.20. 9,145,082 shares of the company traded hands, compared to its average volume of 17,254,061. Kinross Gold Co. has a 12-month low of $5.71 and a 12-month high of $12.59. The company has a 50 day moving average of $11.29 and a 200-day moving average of $10.32. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $15.01 billion, a PE ratio of 15.84, a PEG ratio of 0.68 and a beta of 1.29.

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 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%. Sell-side 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid 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 0.98%. Kinross Gold's dividend payout ratio (DPR) 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.