Achmea Investment Management B.V. Has $13.59 Million Stake in Kinross Gold Corporation (NYSE:KGC)

Achmea Investment Management B.V. grew its stake in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 18.8% during the first quarter, according to its most recent filing with the Securities and 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 about 0.09% of Kinross Gold worth $13,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Kinross Gold during the fourth quarter worth approximately $280,697,000. Renaissance Technologies LLC raised its holdings in shares of Kinross Gold by 10.9% during the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after acquiring an additional 3,224,455 shares during the period. Public Employees Retirement System of Ohio raised its position in Kinross Gold by 8.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 237,612 shares of the mining company's stock valued at $2,204,000 after buying an additional 18,135 shares during the period. DJE Kapital AG acquired a new position in Kinross Gold during the fourth quarter valued at $3,723,000. Finally, Amundi increased its holdings in shares of Kinross Gold by 9.3% in the 4th quarter. Amundi now owns 5,794,489 shares of the mining company's stock valued at $53,715,000 after purchasing an additional 492,611 shares during the period. 63.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on KGC. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James Financial boosted their target price on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 4th. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. 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 report on Wednesday, June 4th. Finally, Scotiabank increased their price objective on Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $17.00.

Kinross Gold Stock Performance

KGC stock traded down $1.00 during midday trading on Friday, hitting $14.86. 27,222,020 shares of the company traded hands, compared to its average volume of 18,776,483. Kinross Gold Corporation has a twelve month low of $7.84 and a twelve month high of $16.04. The business has a 50 day simple moving average of $14.86 and a 200-day simple moving average of $12.52. The company has a quick ratio of 1.22, a current ratio of 2.83 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63.

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

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. 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.