Zurcher Kantonalbank Zurich Cantonalbank Has $9.20 Million Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 990,989 shares of the mining company's stock after selling 272,462 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Kinross Gold worth $9,199,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Entropy Technologies LP bought a new stake in Kinross Gold in the third quarter valued at approximately $1,259,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Kinross Gold by 44.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 57,727 shares of the mining company's stock valued at $540,000 after buying an additional 17,677 shares during the period. Plato Investment Management Ltd bought a new stake in Kinross Gold in the third quarter valued at approximately $2,699,000. OneDigital Investment Advisors LLC bought a new stake in Kinross Gold in the third quarter valued at approximately $94,000. Finally, CIBC Asset Management Inc raised its stake in Kinross Gold by 8.6% in the third quarter. CIBC Asset Management Inc now owns 6,050,512 shares of the mining company's stock valued at $56,705,000 after buying an additional 477,529 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Up 2.4 %

Shares of KGC stock opened at $11.40 on Friday. The stock's fifty day moving average price is $10.97 and its two-hundred day moving average price is $10.12. The company has a market cap of $14.01 billion, a PE ratio of 14.80, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a fifty-two week low of $5.44 and a fifty-two week high of $12.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

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Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its 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%. Equities analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of recent research reports. CIBC increased their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. StockNews.com lowered Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Kinross Gold has a consensus rating of "Moderate Buy" and an average price target of $11.63.

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.

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