Skandinaviska Enskilda Banken AB publ Buys Shares of 655,600 Kinross Gold Co. (NYSE:KGC)

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 655,600 shares of the mining company's stock, valued at approximately $6,012,000. Skandinaviska Enskilda Banken AB publ owned approximately 0.05% of Kinross Gold at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KGC. Jones Financial Companies Lllp lifted its holdings in shares of 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 purchasing an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Kinross Gold during the fourth quarter worth approximately $42,000. Global Retirement Partners LLC lifted its stake in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after buying an additional 4,788 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after acquiring an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. purchased a new position in shares of Kinross Gold during the fourth quarter worth approximately $92,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

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Kinross Gold Stock Performance

NYSE KGC traded up $0.19 on Wednesday, hitting $12.21. 16,677,581 shares of the company's stock were exchanged, compared to its average volume of 17,208,148. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold Co. has a fifty-two week low of $5.44 and a fifty-two week high of $12.32. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 0.68 and a beta of 1.29. The firm's 50-day moving average price is $11.10 and its two-hundred day moving average price is $10.20.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) 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 expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold's payout ratio is currently 15.58%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 14th. CIBC increased their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and a consensus target price of $11.63.

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.