Kinross Gold Co. (NYSE:KGC) Position Lifted by Boothe Investment Group Inc.

Boothe Investment Group Inc. grew its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 853,105 shares of the mining company’s stock after acquiring an additional 14,572 shares during the quarter. Kinross Gold comprises about 3.4% of Boothe Investment Group Inc.’s portfolio, making the stock its 9th biggest position. Boothe Investment Group Inc. owned approximately 0.07% of Kinross Gold worth $7,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in KGC. Van ECK Associates Corp boosted its position in shares of Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock worth $1,078,330,000 after purchasing an additional 44,610,091 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Kinross Gold in the 3rd quarter worth $14,193,000. Toronto Dominion Bank boosted its position in shares of Kinross Gold by 115.7% in the 3rd quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock worth $19,455,000 after purchasing an additional 1,114,801 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Kinross Gold by 326.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock worth $12,211,000 after purchasing an additional 998,763 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Kinross Gold by 16.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after purchasing an additional 828,456 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of KGC stock opened at $10.97 on Monday. The stock has a market cap of $13.48 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24. The business has a 50-day simple moving average of $10.52 and a 200-day simple moving average of $9.93. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $12.28.

Kinross Gold (NYSE:KGC) (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 the consensus estimate 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, equities analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

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 paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.09%. Kinross Gold’s dividend payout ratio is presently 15.58%.

Analysts Set New Price Targets

KGC has been the subject of a number of research reports. CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “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.