Kinross Gold Co. (NYSE:KGC) Shares Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 93.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,313 shares of the mining company's stock after buying an additional 89,313 shares during the period. Polar Asset Management Partners Inc.'s holdings in Kinross Gold were worth $1,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock worth $381,000 after buying an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew 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 during the last quarter. TD Private Client Wealth LLC grew its position in Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after purchasing an additional 1,079 shares during the last quarter. Schechter Investment Advisors LLC grew its position in Kinross Gold by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock worth $367,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its position in Kinross Gold by 4.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock worth $219,000 after purchasing an additional 1,106 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Performance

Shares of KGC stock traded up $0.12 during trading hours on Friday, hitting $14.77. The company's stock had a trading volume of 18,063,903 shares, compared to its average volume of 18,393,940. The company has a 50 day moving average of $13.96 and a 200 day moving average of $11.75. The stock has a market cap of $18.17 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 12-month low of $7.20 and a 12-month high of $15.96.

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 the consensus estimate of $0.22 by $0.08. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the business posted $0.10 EPS. The business's revenue was up 38.5% compared to the same quarter last year. On average, sell-side analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio is currently 12.24%.

Analysts Set New Price Targets

Several research firms have weighed in on KGC. Raymond James boosted their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. Scotiabank boosted their target price on shares of Kinross Gold from $16.00 to $17.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC reissued an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $14.50.

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.