Two Sigma Advisers LP Purchases 843,399 Shares of Kinross Gold Co. (NYSE:KGC)

Two Sigma Advisers LP grew its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 44.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,721,500 shares of the mining company's stock after purchasing an additional 843,399 shares during the quarter. Two Sigma Advisers LP owned approximately 0.22% of Kinross Gold worth $25,228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after acquiring an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC increased its stake in shares of Kinross Gold by 30.4% in 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 period. SBI Securities Co. Ltd. bought a new position in shares of Kinross Gold in the fourth quarter worth about $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% during the 4th 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 boosted its stake in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KGC. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. 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. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. 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. Based on data from MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and an average target price of $14.50.

Kinross Gold Stock Performance

Kinross Gold stock traded up $0.24 on Monday, hitting $14.72. The company's stock had a trading volume of 16,990,220 shares, compared to its average volume of 18,268,799. Kinross Gold Co. has a one year low of $7.20 and a one year high of $15.96. The firm has a market cap of $18.11 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $13.72 and a 200-day moving average price of $11.59.

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. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The firm's revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.82%. Kinross Gold's 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.