Wellington Management Group LLP Has $2.54 Million Stake in Kinross Gold Co. (NYSE:KGC)

Wellington Management Group LLP raised its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 975.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 555,458 shares of the mining company's stock after purchasing an additional 503,799 shares during the quarter. Wellington Management Group LLP's holdings in Kinross Gold were worth $2,543,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. S.A. Mason LLC purchased a new stake in Kinross Gold in the 3rd quarter valued at about $27,000. CWM LLC boosted its holdings in shares of Kinross Gold by 353.2% in the third quarter. CWM LLC now owns 7,378 shares of the mining company's stock valued at $34,000 after purchasing an additional 5,750 shares during the period. Natixis bought a new position in Kinross Gold in the fourth quarter worth approximately $35,000. United Capital Financial Advisers LLC purchased a new position in Kinross Gold during the 4th quarter worth $43,000. Finally, Townsquare Capital LLC purchased a new stake in shares of Kinross Gold in the 4th quarter worth $46,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Trading Up 4.3 %

Shares of NYSE KGC traded up $0.25 during midday trading on Thursday, reaching $6.14. 18,004,962 shares of the stock were exchanged, compared to its average volume of 13,194,416. The stock has a market capitalization of $7.53 billion, a P/E ratio of 18.04, a PEG ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 2.63. Kinross Gold Co. has a twelve month low of $4.32 and a twelve month high of $6.34. The company has a 50 day simple moving average of $5.38 and a 200 day simple moving average of $5.41.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.04 billion. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. Kinross Gold's revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. As a group, equities analysts expect that Kinross Gold Co. will post 0.33 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were paid a $0.03 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.96%. Kinross Gold's dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a research note on Wednesday, January 3rd. CIBC boosted their price target on Kinross Gold from $7.00 to $8.15 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. Jefferies Financial Group started coverage on shares of Kinross Gold in a research report on Thursday, February 29th. They set a "hold" rating and a $5.00 target price for the company. TheStreet downgraded Kinross Gold from a "b" rating to a "c+" rating in a research note on Friday, February 16th. Finally, StockNews.com cut Kinross Gold from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $6.05.

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.