Kinross Gold Co. (NYSE:KGC) Position Increased by AGF Management Ltd.

AGF Management Ltd. increased its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 137.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 940,261 shares of the mining company's stock after purchasing an additional 544,482 shares during the period. AGF Management Ltd. owned 0.08% of Kinross Gold worth $5,691,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KGC. Bruce G. Allen Investments LLC purchased a new position in shares of Kinross Gold in the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in shares of Kinross Gold in the 4th quarter valued at about $44,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Kinross Gold in the 4th quarter valued at about $53,000. Cornerstone Wealth Management LLC purchased a new position in shares of Kinross Gold in the 4th quarter valued at about $104,000. Finally, SCP Investment LP increased its holdings in shares of Kinross Gold by 59.3% in the 3rd quarter. SCP Investment LP now owns 18,800 shares of the mining company's stock valued at $86,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Stock Performance

Shares of Kinross Gold stock remained flat at $7.59 during mid-day trading on Monday. 12,911,670 shares of the company's stock traded hands, compared to its average volume of 14,764,116. Kinross Gold Co. has a one year low of $4.32 and a one year high of $7.70. The company has a market cap of $9.32 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.14. The stock has a fifty day moving average of $6.21 and a 200-day moving average of $5.77. The company has a quick ratio of 0.45, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Tuesday, May 7th. The mining company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. Kinross Gold had a net margin of 9.86% and a return on equity of 9.34%. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the company earned $0.07 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts forecast that Kinross Gold Co. will post 0.46 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.58%. Kinross Gold's dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KGC shares. Scotiabank increased their price target on shares of Kinross Gold from $7.00 to $8.00 and gave the company a "sector outperform" rating in a report on Thursday. Jefferies Financial Group raised their target price on shares of Kinross Gold from $5.00 to $6.00 and gave the company a "hold" rating in a report on Monday, April 22nd. CIBC raised their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the company an "outperform" rating in a report on Wednesday, February 7th. TheStreet downgraded shares of Kinross Gold from a "b" rating to a "c+" rating in a report on Friday, February 16th. Finally, StockNews.com upgraded shares of Kinross Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Kinross Gold has an average rating of "Moderate Buy" and an average target price of $6.69.

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.