Public Employees Retirement System of Ohio Purchases 18,135 Shares of Kinross Gold Co. (NYSE:KGC)

Public Employees Retirement System of Ohio boosted its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 237,612 shares of the mining company's stock after buying an additional 18,135 shares during the period. Public Employees Retirement System of Ohio's holdings in Kinross Gold were worth $2,204,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KGC. Helium Advisors LLC bought a new stake in shares of Kinross Gold in the fourth quarter valued at about $97,000. Vise Technologies Inc. acquired a new position in Kinross Gold during the fourth quarter worth about $136,000. Novem Group acquired a new position in Kinross Gold during the fourth quarter worth about $133,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kinross Gold by 46.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,607,136 shares of the mining company's stock valued at $24,168,000 after buying an additional 823,118 shares during the period. Finally, USS Investment Management Ltd acquired a new position in shares of Kinross Gold in the fourth quarter valued at approximately $2,505,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KGC. BMO Capital Markets initiated coverage on Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, National Bank Financial raised 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 data from MarketBeat, Kinross Gold has an average rating of "Buy" and an average price target of $15.40.

Kinross Gold Stock Down 0.1%

Shares of NYSE KGC traded down $0.02 during trading on Thursday, reaching $15.46. The company had a trading volume of 23,302,326 shares, compared to its average volume of 18,509,671. Kinross Gold Co. has a 12-month low of $7.20 and a 12-month high of $15.96. The stock has a market cap of $18.96 billion, a PE ratio of 20.07, a P/E/G ratio of 0.68 and a beta of 0.64. The business's 50-day moving average is $14.15 and its 200 day moving average is $11.86. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

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 for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. Kinross Gold's revenue was up 38.5% on a year-over-year basis. As a group, equities analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio is presently 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.