Bessemer Group Inc. Purchases 42,400 Shares of Kinross Gold Co. (NYSE:KGC)

Bessemer Group Inc. grew its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 19,099.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 42,622 shares of the mining company's stock after purchasing an additional 42,400 shares during the quarter. Bessemer Group Inc.'s holdings in Kinross Gold were worth $395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of KGC. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold during the fourth quarter worth $42,000. Global Retirement Partners LLC lifted its holdings in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares during the period. Institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Up 2.2 %

Shares of KGC traded up $0.33 during midday trading on Monday, reaching $15.13. 3,271,858 shares of the stock were exchanged, compared to its average volume of 17,661,997. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 0.68 and a beta of 1.12. The firm has a 50 day simple moving average of $12.11 and a 200-day simple moving average of $10.83. Kinross Gold Co. has a 12-month low of $6.34 and a 12-month high of $15.47. 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 (NYSE:KGC - Get Free Report) TSE: K last announced 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 return on equity of 12.65% and a net margin of 18.43%. Research analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.79%. Kinross Gold's dividend payout ratio is currently 15.58%.

Analyst Ratings Changes

KGC has been the subject of a number of analyst reports. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. BMO Capital Markets started coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. CIBC increased their target price on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $13.30.

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.