Mariner LLC Acquires 60,095 Shares of Kinross Gold Co. (NYSE:KGC)

Mariner LLC grew its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 41.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,711 shares of the mining company's stock after buying an additional 60,095 shares during the quarter. Mariner LLC's holdings in Kinross Gold were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of KGC. Van ECK Associates Corp boosted its stake in Kinross Gold by 62.2% during the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the period. Vanguard Group Inc. lifted its stake in Kinross Gold by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after purchasing an additional 763,248 shares during the period. Renaissance Technologies LLC grew its position in Kinross Gold by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after acquiring an additional 3,224,455 shares during the period. Norges Bank acquired a new position in Kinross Gold during the fourth quarter worth $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Kinross Gold by 10.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock valued at $136,028,000 after buying an additional 1,398,225 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KGC has been the subject of a number of recent analyst reports. BMO Capital Markets began coverage on Kinross Gold in a report on Wednesday, April 16th. They set an "outperform" rating for the company. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. CIBC raised their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Scotiabank restated an "outperform" rating on shares of Kinross Gold in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Kinross Gold presently has an average rating of "Buy" and an average target price of $13.30.

Kinross Gold Stock Performance

NYSE:KGC traded down $0.25 during mid-day trading on Tuesday, hitting $14.54. 2,373,090 shares of the stock were exchanged, compared to its average volume of 17,753,114. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The firm's 50-day simple moving average is $12.50 and its 200 day simple moving average is $11.05. Kinross Gold Co. has a fifty-two week low of $6.42 and a fifty-two week high of $15.46. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12.

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

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. Kinross Gold's dividend payout ratio is presently 15.58%.

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.