SG Americas Securities LLC Boosts Holdings in Kinross Gold Corporation (NYSE:KGC)

SG Americas Securities LLC grew its holdings in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 18.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,446 shares of the mining company's stock after acquiring an additional 33,455 shares during the quarter. SG Americas Securities LLC's holdings in Kinross Gold were worth $2,729,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after buying an additional 763,248 shares during the period. Renaissance Technologies LLC raised its stake 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 last quarter. Norges Bank purchased a new stake in shares of Kinross Gold during the fourth quarter worth about $280,697,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after purchasing an additional 1,398,225 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Kinross Gold by 21.2% in the fourth quarter. Mackenzie Financial Corp now owns 13,951,818 shares of the mining company's stock worth $129,435,000 after purchasing an additional 2,438,445 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Trading Down 0.6%

Shares of NYSE:KGC traded down $0.10 on Wednesday, hitting $15.52. 17,554,867 shares of the company's stock were exchanged, compared to its average volume of 18,740,890. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 0.66 and a beta of 0.63. Kinross Gold Corporation has a 12 month low of $7.33 and a 12 month high of $15.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.83 and a quick ratio of 1.22. The business's 50 day simple moving average is $14.69 and its two-hundred day simple moving average is $12.22.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The company had revenue of $1.44 billion during 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%. The firm's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.12 annualized dividend and a yield of 0.77%. Kinross Gold's payout ratio is presently 12.24%.

Analyst Upgrades and Downgrades

KGC has been the topic of a number of recent analyst reports. Raymond James Financial lifted their price objective on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, May 13th. Finally, National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $15.40.

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.