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

Swiss National Bank lowered its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567,818 shares of the mining company’s stock after selling 149,300 shares during the quarter. Swiss National Bank owned about 0.29% of Kinross Gold worth $33,119,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,412 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Kinross Gold during the fourth quarter worth $42,000. Global Retirement Partners LLC lifted its stake in Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. bought a new stake in Kinross Gold during the fourth quarter worth $92,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KGC. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday. CIBC increased their price target on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinross Gold has an average rating of “Buy” and an average target price of $11.63.

Kinross Gold Stock Up 2.0 %

Shares of KGC opened at $11.63 on Monday. Kinross Gold Co. has a 52 week low of $5.44 and a 52 week high of $12.28. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 0.68 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The stock has a fifty day moving average of $11.01 and a 200-day moving average of $10.15.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results 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 return on equity of 12.65% and a net margin of 18.43%. As a group, sell-side analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.03%. Kinross Gold’s dividend payout ratio (DPR) is currently 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.