Kinross Gold Co. (NYSE:KGC) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 46.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,607,136 shares of the mining company's stock after purchasing an additional 823,118 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Kinross Gold worth $24,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KGC. Jones Financial Companies Lllp boosted its position in shares of 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 acquiring an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Kinross Gold during the 4th quarter worth about $42,000. Global Retirement Partners LLC boosted 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 acquiring an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after acquiring an additional 5,140 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James upped their price objective on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank increased their price objective on Kinross Gold from $16.00 to $17.00 and gave the company a "sector outperform" rating in a 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 given a strong buy rating to the company's stock. 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 Price Performance

KGC stock traded up $0.12 during trading on Friday, reaching $14.77. 18,063,903 shares of the company were exchanged, compared to its average volume of 18,359,738. Kinross Gold Co. has a 52-week low of $7.20 and a 52-week high of $15.96. The company has a market cap of $18.17 billion, a P/E ratio of 19.18, a PEG ratio of 0.68 and a beta of 0.64. The stock's 50 day moving average price is $13.91 and its 200 day moving average price is $11.70. 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 earnings results on Tuesday, May 6th. The mining company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $0.10 EPS. Kinross Gold's revenue was up 38.5% on a year-over-year basis. As a group, analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, May 29th. Kinross Gold's payout ratio is 12.24%.

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.