Hsbc Holdings PLC Has $20.59 Million Stock Position in Kinross Gold Co. (NYSE:KGC)

Hsbc Holdings PLC lifted its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 77.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,230,858 shares of the mining company's stock after purchasing an additional 975,147 shares during the quarter. Hsbc Holdings PLC owned 0.18% of Kinross Gold worth $20,587,000 as of its most recent SEC filing.

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

Kinross Gold Trading Down 1.4 %

Shares of KGC stock traded down $0.20 during trading hours on Tuesday, hitting $14.58. 13,899,039 shares of the company were exchanged, compared to its average volume of 17,813,881. The company has a 50 day simple moving average of $12.50 and a two-hundred day simple moving average of $11.05. The firm has a market cap of $17.94 billion, a P/E ratio of 18.94, a P/E/G ratio of 0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. Kinross Gold Co. has a fifty-two week low of $6.42 and a fifty-two week high of $15.46.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Equities analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is currently 15.58%.

Analysts Set New Price Targets

A number of research firms have weighed in on KGC. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. CIBC boosted their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Finally, Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $13.30.

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.