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

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC lifted its position in shares of Kinross Gold by 30.4% during the fourth 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. SBI Securities Co. Ltd. purchased a new stake in shares of Kinross Gold during the fourth quarter valued at $42,000. Global Retirement Partners LLC grew its holdings in shares of Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in Kinross Gold by 246.3% in the 4th 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 own 63.69% of the company's stock.

Kinross Gold Stock Down 0.0%

KGC traded down $0.01 on Thursday, hitting $14.76. The company had a trading volume of 12,736,666 shares, compared to its average volume of 18,297,279. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 0.68 and a beta of 0.64. 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 stock has a fifty day moving average price of $13.86 and a 200-day moving average price of $11.66. 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 quarterly earnings data 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Kinross Gold's revenue was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. Analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Raymond James boosted their price target on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets started coverage on Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. 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 data from MarketBeat.com, Kinross Gold 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.