Kinross Gold Co. (NYSE:KGC) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 51.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,477,314 shares of the mining company's stock after buying an additional 2,199,717 shares during the quarter. Two Sigma Investments LP owned about 0.53% of Kinross Gold worth $60,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its stake in shares of Kinross Gold by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after purchasing an additional 44,610,091 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Kinross Gold by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after purchasing an additional 763,248 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after purchasing an additional 3,224,455 shares during the last quarter. Norges Bank purchased a new position in Kinross Gold during the fourth quarter valued at approximately $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock valued at $136,028,000 after acquiring an additional 1,398,225 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Price Performance

KGC traded up $0.24 during trading on Friday, 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. 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 twelve month low of $7.20 and a twelve month high of $15.96. The business's fifty day simple moving average is $13.72 and its 200 day simple moving average is $11.58. The firm has a market capitalization of $18.11 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 0.68 and a beta of 0.64.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.43 billion. During the same period last year, the company earned $0.10 earnings per share. Kinross Gold's quarterly revenue was up 38.5% compared to the same quarter last year. On average, equities research analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's payout ratio is currently 12.24%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Wall Street Zen upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. CIBC reiterated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Finally, Scotiabank lifted their price target on Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 8th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $14.50.

Kinross Gold Company 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.