Pictet Asset Management Holding SA Raises Position in Kinross Gold Co. (NYSE:KGC)

Pictet Asset Management Holding SA grew its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 653,195 shares of the mining company's stock after buying an additional 56,260 shares during the quarter. Pictet Asset Management Holding SA owned 0.05% of Kinross Gold worth $6,063,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after purchasing an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold during the 4th quarter valued at about $42,000. Global Retirement Partners LLC lifted 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 worth $50,000 after buying an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC boosted 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 worth $67,000 after buying an additional 5,140 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

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Kinross Gold Trading Down 0.4 %

Shares of Kinross Gold stock traded down $0.05 during trading on Tuesday, reaching $11.94. 22,467,517 shares of the stock were exchanged, compared to its average volume of 17,675,263. 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 firm has a market cap of $14.69 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. Kinross Gold Co. has a 1 year low of $6.20 and a 1 year high of $12.90. The stock's fifty day moving average is $11.67 and its 200 day moving average is $10.55.

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 earnings per share 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 research analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on KGC shares. Raymond James lifted their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, CIBC boosted their target price on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Kinross Gold currently has an average rating of "Buy" and a consensus price target of $12.30.

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.