Swiss National Bank Cuts Stake in Kinross Gold Co. (NYSE:KGC)

Swiss National Bank trimmed its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567,818 shares of the mining company's stock after selling 149,300 shares during the quarter. Swiss National Bank owned 0.29% of Kinross Gold worth $33,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in KGC. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Kinross Gold in the fourth quarter worth approximately $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% in the fourth 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. Avior Wealth Management LLC lifted its position 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 worth $67,000 after purchasing an additional 5,140 shares in the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in shares of Kinross Gold in 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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Analyst Ratings Changes

Several equities analysts recently weighed in on KGC shares. CIBC raised their price objective on shares of 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 raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $11.63.

Kinross Gold Stock Up 0.5 %

Shares of Kinross Gold stock traded up $0.07 on Tuesday, reaching $12.09. 14,062,345 shares of the company were exchanged, compared to its average volume of 17,158,848. The company has a market capitalization of $14.85 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a one year low of $5.44 and a one year high of $12.39. 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 company has a 50-day moving average of $11.06 and a 200 day moving average of $10.18.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results 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%. On average, equities research analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.99%. Kinross Gold's dividend payout ratio (DPR) is currently 15.58%.

Kinross Gold Company 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.