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

Swiss National Bank decreased its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,567,818 shares of the mining company's stock after selling 149,300 shares during the period. Swiss National Bank owned approximately 0.29% of Kinross Gold worth $33,119,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KGC. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Kinross Gold by 44.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 57,727 shares of the mining company's stock valued at $540,000 after purchasing an additional 17,677 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Kinross Gold during the third quarter valued at about $94,000. Natixis Advisors LLC raised its holdings in shares of Kinross Gold by 56.4% during the third quarter. Natixis Advisors LLC now owns 100,181 shares of the mining company's stock valued at $938,000 after purchasing an additional 36,132 shares during the period. Mount Lucas Management LP raised its holdings in shares of Kinross Gold by 2.7% during the third quarter. Mount Lucas Management LP now owns 179,664 shares of the mining company's stock valued at $1,682,000 after purchasing an additional 4,771 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Kinross Gold during the third quarter valued at about $5,781,000. Institutional investors and hedge funds own 63.69% of the company's stock.

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Kinross Gold Stock Up 0.6 %

Shares of NYSE:KGC traded up $0.08 during midday trading on Wednesday, hitting $12.10. 3,579,104 shares of the company's stock were exchanged, compared to its average volume of 17,160,119. Kinross Gold Co. has a 12 month low of $5.44 and a 12 month high of $12.32. 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 stock has a 50 day moving average price of $11.10 and a 200-day moving average price of $10.20. The company has a market cap of $14.87 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data 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 return on equity of 12.65% and a net margin of 18.43%. On average, sell-side analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold's payout ratio is 15.58%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KGC. CIBC upped their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a 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, March 14th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and an average 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.