Kinross Gold Co. (NYSE:KGC) Stock Holdings Boosted by State of Wyoming

State of Wyoming increased its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 56.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,777 shares of the mining company's stock after buying an additional 43,595 shares during the quarter. State of Wyoming's holdings in Kinross Gold were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC increased its position in Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Kinross Gold in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC lifted its position in 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 buying an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after buying an additional 5,140 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets initiated coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. CIBC reissued an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Finally, Raymond James lifted their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $14.50.

Kinross Gold Stock Up 2.0%

Shares of KGC stock traded up $0.30 during mid-day trading on Friday, reaching $14.78. 8,912,167 shares of the company were exchanged, compared to its average volume of 21,711,457. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The business's 50 day simple moving average is $13.66 and its 200 day simple moving average is $11.54. The company has a market capitalization of $18.18 billion, a P/E ratio of 19.19, a P/E/G ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a fifty-two week low of $7.20 and a fifty-two week high of $15.96.

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 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The firm's revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Research analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. Kinross Gold's dividend payout ratio 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.