Kinross Gold Co. (NYSE:KGC) Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA increased its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 265.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,350 shares of the mining company's stock after purchasing an additional 155,670 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Kinross Gold were worth $2,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KGC. Integrated Advisors Network LLC acquired a new position in shares of Kinross Gold in the first quarter valued at about $739,000. SG Americas Securities LLC increased its holdings in shares of Kinross Gold by 18.3% in the first quarter. SG Americas Securities LLC now owns 216,446 shares of the mining company's stock valued at $2,729,000 after purchasing an additional 33,455 shares during the period. Bruce G. Allen Investments LLC increased its holdings in shares of Kinross Gold by 68.6% in the first quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock valued at $79,000 after purchasing an additional 2,561 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Kinross Gold by 188.6% in the first quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after purchasing an additional 3,659 shares during the period. Finally, Capital Investment Advisors LLC increased its holdings in shares of Kinross Gold by 3.1% in the first quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock valued at $351,000 after purchasing an additional 850 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Trading Up 1.6%

NYSE KGC traded up $0.26 on Friday, reaching $15.79. 21,333,826 shares of the company were exchanged, compared to its average volume of 18,679,919. The business's fifty day moving average price is $14.57 and its 200 day moving average price is $12.14. The stock has a market capitalization of $19.37 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63. 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 fifty-two week low of $7.20 and a fifty-two week high of $15.96.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, topping 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The firm's revenue for the quarter was up 38.5% compared to the same quarter last year. Analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is 12.24%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Kinross Gold from $14.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, BMO Capital Markets initiated coverage on Kinross Gold in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Kinross Gold presently has an average rating of "Buy" and a consensus price target of $15.40.

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.