Achmea Investment Management B.V. Grows Stock Position in Kinross Gold Corporation (NYSE:KGC)

Achmea Investment Management B.V. increased its position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 18.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,078,800 shares of the mining company's stock after buying an additional 170,966 shares during the quarter. Achmea Investment Management B.V. owned 0.09% of Kinross Gold worth $13,589,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after acquiring an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in 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 valued at $40,000 after buying an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new position in Kinross Gold during the fourth quarter worth about $42,000. Global Retirement Partners LLC grew 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 worth $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Kinross Gold by 188.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock worth $71,000 after purchasing an additional 3,659 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Raymond James Financial raised shares of Kinross Gold to a "hold" rating and set a $15.00 price objective on the stock in a research note on Monday. Jefferies Financial Group upgraded Kinross Gold from a "hold" rating to a "buy" rating and upped their target price for the stock from $14.00 to $18.00 in a research note on Thursday, June 26th. Royal Bank Of Canada upped their target price on Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $17.00.

Kinross Gold Stock Performance

KGC stock traded down $0.10 during trading on Tuesday, reaching $15.53. The company had a trading volume of 13,887,457 shares, compared to its average volume of 18,761,037. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 2.83. Kinross Gold Corporation has a twelve month low of $7.84 and a twelve month high of $16.04. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The firm has a 50-day simple moving average of $14.88 and a 200-day simple moving average of $12.58.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. Kinross Gold had a net margin of 21.74% and a return on equity of 15.63%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm posted $0.10 earnings per share. The company's revenue was up 38.5% compared to the same quarter last year. As a group, sell-side analysts expect that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is currently 12.24%.

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.