Achmea Investment Management B.V. cut its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 907,834 shares of the mining company's stock after selling 114,188 shares during the period. Achmea Investment Management B.V. owned approximately 0.07% of Kinross Gold worth $8,427,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of KGC. Connor Clark & Lunn Investment Management Ltd. boosted its position in Kinross Gold by 10.5% during the 4th 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. HighTower Advisors LLC purchased a new stake in Kinross Gold during the 4th quarter worth $114,000. Daiwa Securities Group Inc. boosted its position in Kinross Gold by 152.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 187,426 shares of the mining company's stock worth $1,737,000 after purchasing an additional 113,226 shares during the period. Personal CFO Solutions LLC purchased a new stake in Kinross Gold during the 4th quarter worth $225,000. Finally, Amundi boosted its position in Kinross Gold by 9.3% during the 4th quarter. Amundi now owns 5,794,489 shares of the mining company's stock worth $53,715,000 after purchasing an additional 492,611 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on KGC. CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $11.63.
Check Out Our Latest Report on Kinross Gold
Kinross Gold Stock Up 3.3 %
NYSE:KGC traded up $0.38 on Monday, reaching $12.01. The stock had a trading volume of 20,198,843 shares, compared to its average volume of 17,088,516. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $11.06 and a 200 day moving average of $10.18. The stock has a market cap of $14.77 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 12-month low of $5.44 and a 12-month high of $12.29.
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 for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, research analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.
Kinross Gold Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.00%. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.
About Kinross Gold
(
Free Report)
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.
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