22,282 Shares in Kinross Gold Co. (NYSE:KGC) Purchased by Groupama Asset Managment

Groupama Asset Managment acquired a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the fourth quarter, Holdings Channel reports. The fund acquired 22,282 shares of the mining company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in 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 valued at $1,078,330,000 after buying an additional 44,610,091 shares during the period. Norges Bank acquired a new position in Kinross Gold in the 4th quarter worth about $280,697,000. First Eagle Investment Management LLC lifted its holdings in shares of Kinross Gold by 80.9% during the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock valued at $116,898,000 after buying an additional 5,639,383 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake 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 buying an additional 2,065,693 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Kinross Gold by 34.1% in the fourth quarter. Geode Capital Management LLC now owns 7,682,835 shares of the mining company’s stock worth $74,128,000 after buying an additional 1,952,552 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Kinross Gold Trading Down 1.3 %

Shares of KGC stock opened at $12.69 on Friday. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 1 year low of $6.20 and a 1 year high of $12.90. The firm’s fifty day simple moving average is $11.58 and its 200 day simple moving average is $10.47. The firm has a market capitalization of $15.61 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last announced 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 predict that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is presently 15.58%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KGC. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Finally, CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two 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 an average 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.