Schroder Investment Management Group Buys 87,822 Shares of Kinross Gold Co. (NYSE:KGC)

Schroder Investment Management Group raised its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,277,665 shares of the mining company's stock after purchasing an additional 87,822 shares during the quarter. Schroder Investment Management Group owned 0.27% of Kinross Gold worth $30,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Kinross Gold by 30.4% in 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold in the 4th quarter valued at $42,000. Global Retirement Partners LLC increased its position in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

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Kinross Gold Trading Down 6.7 %

Shares of NYSE KGC traded down $0.86 during midday trading on Friday, hitting $11.84. The stock had a trading volume of 36,493,760 shares, compared to its average volume of 17,618,870. The firm has a market cap of $14.56 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a fifty-two week low of $6.20 and a fifty-two week high of $12.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The company's 50-day simple moving average is $11.60 and its 200 day simple moving average is $10.50.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced 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%. Research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Raymond James upped their price objective 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. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday. Finally, National Bank Financial raised Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and an average 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.