Kinross Gold Co. (NYSE:KGC) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,192,700 shares of the mining company’s stock after acquiring an additional 12,700 shares during the period. Vontobel Holding Ltd. owned 0.10% of Kinross Gold worth $11,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in KGC. Creative Planning lifted its stake in shares of Kinross Gold by 12.0% in the 3rd quarter. Creative Planning now owns 71,945 shares of the mining company’s stock worth $673,000 after acquiring an additional 7,689 shares during the period. One Wealth Advisors LLC acquired a new stake in shares of Kinross Gold in the 3rd quarter worth approximately $127,000. Blue Trust Inc. lifted its stake in shares of Kinross Gold by 88.5% in the 3rd quarter. Blue Trust Inc. now owns 21,351 shares of the mining company’s stock worth $200,000 after acquiring an additional 10,024 shares during the period. Raymond James & Associates lifted its stake in shares of Kinross Gold by 25.7% in the 3rd quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock worth $3,186,000 after acquiring an additional 69,520 shares during the period. Finally, OLD National Bancorp IN lifted its stake in shares of Kinross Gold by 43.7% in the 3rd quarter. OLD National Bancorp IN now owns 16,433 shares of the mining company’s stock worth $154,000 after acquiring an additional 4,999 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Down 1.3 %

KGC stock opened at $11.27 on Friday. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $12.28. The firm has a market cap of $13.85 billion, a PE ratio of 18.47, a P/E/G ratio of 0.67 and a beta of 1.24. The firm has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $9.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. Equities research analysts forecast that Kinross Gold Co. will post 0.73 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is currently 15.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KGC. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. CIBC increased their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.