81,600 Shares in Kinross Gold Co. (NYSE:KGC) Purchased by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 81,600 shares of the mining company's stock, valued at approximately $758,000. Kinross Gold makes up about 2.2% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 8th largest position.

Several other hedge funds also recently made changes to their positions in KGC. Van ECK Associates Corp lifted its position in shares of Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after acquiring an additional 44,610,091 shares in the last quarter. Vanguard Group Inc. raised its position in Kinross Gold by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock valued at $439,881,000 after buying an additional 763,248 shares during the period. Renaissance Technologies LLC raised its position in 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 buying an additional 3,224,455 shares during the period. Norges Bank purchased a new stake in Kinross Gold in the 4th quarter worth about $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Kinross Gold by 10.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after acquiring an additional 1,398,225 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Stock Down 1.3%

NYSE:KGC traded down $0.19 during mid-day trading on Tuesday, reaching $14.52. The stock had a trading volume of 25,192,542 shares, compared to its average volume of 18,296,549. The stock has a market cap of $17.87 billion, a P/E ratio of 18.86, a PEG ratio of 0.68 and a beta of 0.64. The business's 50 day moving average is $13.77 and its 200 day moving average is $11.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. 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 earnings results on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. The company had revenue of $1.44 billion during 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 company's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio is presently 12.24%.

Analysts Set New Price Targets

KGC has been the topic of a number of research reports. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Scotiabank lifted their target price on shares of Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. Finally, CIBC restated an "outperform" rating on shares of Kinross Gold in a report on Tuesday, May 13th. Two investment 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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.