Kinross Gold Co. (NYSE:KGC) Stake Lifted by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,365,206 shares of the mining company's stock after buying an additional 763,248 shares during the period. Vanguard Group Inc. owned 3.85% of Kinross Gold worth $439,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KGC. LPL Financial LLC grew its holdings in Kinross Gold by 81.5% in the fourth quarter. LPL Financial LLC now owns 383,758 shares of the mining company's stock valued at $3,557,000 after purchasing an additional 172,266 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in shares of Kinross Gold by 174.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 3,249,033 shares of the mining company's stock valued at $30,141,000 after purchasing an additional 2,065,693 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Kinross Gold by 2.3% during the 4th quarter. American Century Companies Inc. now owns 7,711,646 shares of the mining company's stock valued at $71,561,000 after buying an additional 172,267 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock valued at $423,000 after buying an additional 1,079 shares during the period. Finally, Blueshift Asset Management LLC increased its holdings in shares of Kinross Gold by 6.5% during the 4th quarter. Blueshift Asset Management LLC now owns 22,588 shares of the mining company's stock worth $209,000 after buying an additional 1,371 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

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Kinross Gold Stock Down 6.7 %

Shares of NYSE:KGC traded down $0.86 during trading on Friday, hitting $11.84. The company's stock had a trading volume of 36,493,760 shares, compared to its average volume of 17,618,870. The company has a market capitalization of $14.56 billion, a PE ratio of 15.37, a PEG 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 quick ratio of 0.83 and a current ratio of 2.01. The stock's 50-day moving average price is $11.60 and its two-hundred day moving average price is $10.50.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted 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 net margin of 18.43% and a return on equity of 12.65%. As a group, sell-side analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

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

Wall Street Analyst Weigh In

KGC has been the subject of a number of research reports. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. CIBC boosted their target price on Kinross Gold from $13.00 to $14.00 and gave the stock 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. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Raymond James increased 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 report on Friday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus 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.