Prudential Financial Inc. Has $2.19 Million Position in Kinross Gold Co. (NYSE:KGC)

Prudential Financial Inc. decreased its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 236,005 shares of the mining company's stock after selling 53,020 shares during the period. Prudential Financial Inc.'s holdings in Kinross Gold were worth $2,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Kinross Gold by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock valued at $439,881,000 after buying an additional 763,248 shares in the last quarter. LPL Financial LLC grew its position in Kinross Gold by 81.5% in the fourth quarter. LPL Financial LLC now owns 383,758 shares of the mining company's stock worth $3,557,000 after acquiring an additional 172,266 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Kinross Gold by 174.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company's stock worth $30,141,000 after purchasing an additional 2,065,693 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Kinross Gold by 2.3% during the 4th quarter. American Century Companies Inc. now owns 7,711,646 shares of the mining company's stock valued at $71,561,000 after purchasing an additional 172,267 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Kinross Gold by 2.4% in the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock valued at $423,000 after purchasing an additional 1,079 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Remove Ads

Analysts Set New Price Targets

KGC has been the topic of several analyst reports. 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 Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Raymond James lifted their price target on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $12.30.

Kinross Gold Stock Down 0.4 %

KGC traded down $0.05 on Tuesday, hitting $11.94. 22,467,517 shares of the company were exchanged, compared to its average volume of 17,675,263. The company has a market cap of $14.69 billion, a PE ratio of 15.50, a PEG 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 $12.90. The stock's fifty day moving average is $11.67 and its 200-day moving average is $10.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

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 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%. 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.01%. Kinross Gold's dividend payout ratio (DPR) is 15.58%.

About Kinross Gold

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.