Natixis Advisors LLC Acquires 40,250 Shares of Kinross Gold Co. (NYSE:KGC)

Natixis Advisors LLC raised its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 40.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 140,431 shares of the mining company's stock after buying an additional 40,250 shares during the period. Natixis Advisors LLC's holdings in Kinross Gold were worth $1,302,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Citigroup Inc. grew its position in shares of Kinross Gold by 244.4% during the 3rd quarter. Citigroup Inc. now owns 433,061 shares of the mining company's stock worth $4,062,000 after buying an additional 307,326 shares during the period. Cerity Partners LLC boosted its stake in Kinross Gold by 11.9% in the third quarter. Cerity Partners LLC now owns 84,628 shares of the mining company's stock valued at $792,000 after acquiring an additional 8,993 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in Kinross Gold by 93.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 24,945 shares of the mining company's stock worth $233,000 after acquiring an additional 12,058 shares during the period. Daiwa Securities Group Inc. grew its holdings in Kinross Gold by 187.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 74,200 shares of the mining company's stock worth $695,000 after acquiring an additional 48,400 shares during the period. Finally, Qsemble Capital Management LP bought a new stake in shares of Kinross Gold during the 3rd quarter valued at $183,000. 63.69% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KGC shares. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. CIBC upped their price target on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $11.63.

Kinross Gold Stock Down 0.1 %

Shares of NYSE KGC traded down $0.02 during mid-day trading on Friday, reaching $12.50. 19,961,229 shares of the company's stock were exchanged, compared to its average volume of 17,529,605. Kinross Gold Co. has a twelve month low of $6.13 and a twelve month high of $12.90. 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 firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.68 and a beta of 1.29. The business has a fifty day simple moving average of $11.40 and a 200 day simple moving average of $10.39.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its 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%. As a group, equities analysts expect that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is presently 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.