Two Sigma Investments LP Increases Position in Kinross Gold Co. (NYSE:KGC)

Two Sigma Investments LP grew its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 51.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,477,314 shares of the mining company's stock after purchasing an additional 2,199,717 shares during the quarter. Two Sigma Investments LP owned approximately 0.53% of Kinross Gold worth $60,045,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted 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 worth $25,000 after buying an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in 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. acquired a new position in Kinross Gold in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC increased its stake in Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $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 fourth 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 last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $13.95 on Tuesday. Kinross Gold Co. has a one year low of $7.20 and a one year high of $15.96. The stock has a market capitalization of $17.16 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.68 and a beta of 0.64. The company has a 50-day simple moving average of $13.49 and a 200-day simple moving average of $11.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

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, 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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business earned $0.10 EPS. The firm's revenue was up 38.5% compared to the same quarter last year. On average, analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Raymond James raised their price objective on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday, April 4th. BMO Capital Markets assumed coverage on Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Kinross Gold presently has a consensus rating of "Buy" and an average price target of $13.90.

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.

Want to see what other hedge funds are holding KGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.