USS Investment Management Ltd Invests $2.51 Million in Kinross Gold Co. (NYSE:KGC)

USS Investment Management Ltd purchased a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 270,057 shares of the mining company's stock, valued at approximately $2,505,000.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised 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 valued at $25,000 after buying an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC grew its holdings 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 acquiring an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Kinross Gold in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC boosted its stake in shares of Kinross Gold by 747.0% in the fourth 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 during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after buying an additional 5,140 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Stock Performance

Shares of NYSE:KGC traded up $0.10 on Thursday, reaching $14.86. 8,859,466 shares of the company's stock were exchanged, compared to its average volume of 18,284,404. The company has a fifty day moving average of $13.86 and a 200-day moving average of $11.66. Kinross Gold Co. has a twelve month low of $7.20 and a twelve month high of $15.96. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 0.68 and a beta of 0.64. 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 (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results 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 net margin of 18.43% and a return on equity of 12.65%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm earned $0.10 earnings per share. Kinross Gold's quarterly revenue was up 38.5% on a year-over-year basis. On average, research analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal 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 issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's payout ratio is 12.24%.

Analyst Ratings Changes

KGC has been the subject of several analyst reports. CIBC reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Tuesday, May 13th. 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. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Wall Street Zen raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Finally, National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $14.50.

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.