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

Union Bancaire Privee UBP SA boosted its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 265.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KGC. Jones Financial Companies Lllp raised its position in shares of Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after purchasing an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake 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 purchasing an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC grew its stake 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 period. Finally, Farther Finance Advisors LLC lifted its position in shares of Kinross Gold by 188.6% during the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock valued at $71,000 after buying an additional 3,659 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Price Performance

KGC stock traded up $0.28 during midday trading on Thursday, reaching $15.54. The stock had a trading volume of 23,112,723 shares, compared to its average volume of 18,630,585. Kinross Gold Co. has a 52-week low of $7.20 and a 52-week high of $15.96. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company's fifty day simple moving average is $14.42 and its 200 day simple moving average is $12.04. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The company's quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. As a group, sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share 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. Investors of record on Thursday, May 29th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's payout ratio is 12.24%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KGC shares. CIBC reiterated an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Raymond James increased their target price on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday, April 4th. BMO Capital Markets started coverage on Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada increased their target price on Kinross Gold from $14.00 to $19.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $15.40.

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.