Vanguard Group Inc. Has $603.83 Million Stake in Kinross Gold Corporation (NYSE:KGC)

Vanguard Group Inc. increased its position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,926,769 shares of the mining company's stock after acquiring an additional 561,563 shares during the quarter. Vanguard Group Inc. owned about 3.90% of Kinross Gold worth $603,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Kinross Gold during the 1st quarter worth approximately $55,000. Farther Finance Advisors LLC boosted its stake in Kinross Gold by 188.6% during the 1st quarter. Farther Finance Advisors LLC now owns 5,599 shares of the mining company's stock worth $71,000 after acquiring an additional 3,659 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake in Kinross Gold by 68.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 6,295 shares of the mining company's stock worth $79,000 after acquiring an additional 2,561 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Kinross Gold by 39.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,339 shares of the mining company's stock worth $80,000 after buying an additional 1,787 shares during the period. Finally, Blue Trust Inc. raised its holdings in Kinross Gold by 37.0% during the 1st quarter. Blue Trust Inc. now owns 7,811 shares of the mining company's stock worth $98,000 after buying an additional 2,110 shares during the period. Institutional investors own 63.69% of the company's stock.

Kinross Gold Stock Up 2.3%

Shares of NYSE KGC traded up $0.43 during midday trading on Friday, reaching $19.32. The company's stock had a trading volume of 18,019,071 shares, compared to its average volume of 19,913,368. The company has a current ratio of 2.84, a quick ratio of 1.45 and a debt-to-equity ratio of 0.16. Kinross Gold Corporation has a fifty-two week low of $8.31 and a fifty-two week high of $19.45. The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.63 and a beta of 0.55. The stock has a 50 day simple moving average of $16.24 and a 200-day simple moving average of $14.13.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $0.14 earnings per share. The firm's revenue was up 41.7% compared to the same quarter last year. Equities research analysts predict that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a $0.03 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. Kinross Gold's dividend payout ratio (DPR) is 9.68%.

Analysts Set New Price Targets

KGC has been the topic of several research analyst reports. CIBC raised their target price on shares of Kinross Gold from $21.00 to $22.00 and gave the stock an "outperformer" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 18th. Canaccord Genuity Group raised their target price on shares of Kinross Gold from $28.00 to $29.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating and set a $15.00 target price on the stock in a report on Monday, June 30th. Finally, Jefferies Financial Group upgraded shares of Kinross Gold from a "hold" rating to a "buy" rating and raised their target price for the stock from $14.00 to $18.00 in a report on Thursday, June 26th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $20.07.

Kinross Gold Company 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.