150,648 Shares in Kinross Gold Co. (NYSE:KGC) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 150,648 shares of the mining company's stock, valued at approximately $1,397,000.

Several other hedge funds also recently made changes to their positions in the company. Focus Partners Wealth increased its position in Kinross Gold by 21.6% during the 4th quarter. Focus Partners Wealth now owns 20,494 shares of the mining company's stock valued at $190,000 after purchasing an additional 3,638 shares during the period. Concentric Capital Strategies LP purchased a new position in Kinross Gold during the 4th quarter valued at $2,184,000. Cetera Investment Advisers increased its position in Kinross Gold by 13.0% during the 4th quarter. Cetera Investment Advisers now owns 79,680 shares of the mining company's stock valued at $739,000 after purchasing an additional 9,194 shares during the period. Balyasny Asset Management L.P. increased its position in Kinross Gold by 249.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 204,664 shares of the mining company's stock valued at $1,897,000 after purchasing an additional 146,064 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Kinross Gold by 4.5% in the 4th quarter. Bank of America Corp DE now owns 3,884,088 shares of the mining company's stock worth $36,005,000 after buying an additional 168,169 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Performance

KGC traded down $0.05 during midday trading on Friday, hitting $13.71. 17,477,945 shares of the company traded hands, compared to its average volume of 18,182,449. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $16.86 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64. The company's 50-day moving average is $13.44 and its 200 day moving average is $11.42. Kinross Gold Co. has a 52 week low of $7.20 and a 52 week high of $15.96.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The business's quarterly revenue was up 38.5% on a year-over-year basis. On average, research analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KGC shares. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. BMO Capital Markets started coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Raymond James upped their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $13.90.

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.