Swiss National Bank Has $33.12 Million Stock Position in Kinross Gold Co. (NYSE:KGC)

Swiss National Bank decreased its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in Kinross Gold by 62.2% during the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after buying an additional 44,610,091 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Kinross Gold by 10.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock valued at $136,028,000 after acquiring an additional 1,398,225 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Kinross Gold by 0.7% during the 3rd quarter. National Bank of Canada FI now owns 9,612,585 shares of the mining company's stock valued at $90,022,000 after purchasing an additional 70,376 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Kinross Gold by 7.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,094,622 shares of the mining company's stock worth $66,509,000 after purchasing an additional 480,568 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Kinross Gold by 13.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,846,119 shares of the mining company's stock worth $63,495,000 after purchasing an additional 795,607 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages recently issued reports on KGC. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday. 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 research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $11.63.

Kinross Gold Price Performance

Shares of KGC stock traded up $0.38 during mid-day trading on Monday, reaching $12.01. The company's stock had a trading volume of 20,198,843 shares, compared to its average volume of 17,088,516. The firm's 50-day moving average is $11.01 and its two-hundred day moving average is $10.15. The company has a market cap of $14.77 billion, a P/E ratio of 15.60, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1-year low of $5.44 and a 1-year high of $12.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

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 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 predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.00%. Kinross Gold's dividend payout ratio is 15.58%.

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.