Gotham Asset Management LLC Buys 216,710 Shares of Kinross Gold Co. (NYSE:KGC)

Gotham Asset Management LLC raised its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 56.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 597,324 shares of the mining company's stock after acquiring an additional 216,710 shares during the quarter. Gotham Asset Management LLC's holdings in Kinross Gold were worth $5,537,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp boosted 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 worth $25,000 after purchasing an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew 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 buying an additional 1,002 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Kinross Gold in the 4th quarter valued at about $42,000. Global Retirement Partners LLC boosted its position in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after buying an additional 4,788 shares during the period. Finally, Avior Wealth Management LLC raised its position in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after buying an additional 5,140 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Price Performance

Shares of KGC traded up $0.08 during trading hours on Monday, hitting $13.79. 4,695,625 shares of the company were exchanged, compared to its average volume of 18,156,495. The company has a quick ratio of 0.83, a current ratio of 2.01 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. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 0.68 and a beta of 0.64. The firm's fifty day moving average is $13.44 and its 200 day moving average is $11.44.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released 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. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. The business's revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 29th. Kinross Gold's dividend payout ratio (DPR) is 12.24%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Wednesday, April 23rd. CIBC reissued an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. BMO Capital Markets assumed coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, Raymond James upped their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 4th. Two research 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 data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $13.90.

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.