Kinross Gold Co. (NYSE:KGC) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 947,037 shares of the mining company's stock after purchasing an additional 179,933 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.08% of Kinross Gold worth $5,707,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KGC. Bruce G. Allen Investments LLC purchased a new position in Kinross Gold during the fourth quarter valued at approximately $26,000. S.A. Mason LLC purchased a new position in Kinross Gold during the third quarter valued at approximately $27,000. CWM LLC raised its position in Kinross Gold by 353.2% during the third quarter. CWM LLC now owns 7,378 shares of the mining company's stock valued at $34,000 after acquiring an additional 5,750 shares in the last quarter. Natixis purchased a new position in Kinross Gold during the fourth quarter valued at approximately $35,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in Kinross Gold during the fourth quarter valued at approximately $53,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KGC shares. StockNews.com upgraded Kinross Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 2nd. National Bank Financial reissued an "outperform overweight" rating on shares of Kinross Gold in a report on Monday. Jefferies Financial Group assumed coverage on Kinross Gold in a report on Thursday, February 29th. They issued a "hold" rating and a $5.00 price objective on the stock. CIBC raised their price objective on Kinross Gold from $7.00 to $8.15 and gave the company an "outperform" rating in a report on Wednesday, February 7th. Finally, TheStreet lowered Kinross Gold from a "b" rating to a "c+" rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.28.

Kinross Gold Price Performance

Shares of NYSE:KGC traded down $0.10 during trading on Friday, reaching $6.38. The stock had a trading volume of 27,385,391 shares, compared to its average volume of 13,952,208. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 2.63. The business has a fifty day moving average price of $5.54 and a 200-day moving average price of $5.50. The stock has a market cap of $7.83 billion, a PE ratio of 19.74, a PEG ratio of 2.10 and a beta of 1.15. Kinross Gold Co. has a 1-year low of $4.32 and a 1-year high of $6.81.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.04 billion. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The business's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. On average, equities analysts forecast that Kinross Gold Co. will post 0.35 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is currently 35.29%.

About Kinross Gold

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.