Ontario Teachers Pension Plan Board Has $2.56 Million Stake in Kinross Gold Co. (NYSE:KGC)

Ontario Teachers Pension Plan Board lifted its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 70.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 275,529 shares of the mining company's stock after acquiring an additional 114,129 shares during the period. Ontario Teachers Pension Plan Board's holdings in Kinross Gold were worth $2,556,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Van ECK Associates Corp grew its position in Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after purchasing an additional 44,610,091 shares during the last quarter. Vanguard Group Inc. grew its holdings in Kinross Gold by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after buying an additional 763,248 shares in the last quarter. Renaissance Technologies LLC increased its position in Kinross Gold by 10.9% in the 4th 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 stake in Kinross Gold in the 4th quarter valued at approximately $280,697,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Kinross Gold by 10.5% during the 4th 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 acquiring an additional 1,398,225 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KGC shares. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets assumed coverage on shares of Kinross Gold in a research report on Wednesday. They set an "outperform" rating on the stock. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank reissued an "outperform" rating on shares of Kinross Gold in a report on Monday, April 14th. Finally, Raymond James lifted their price target on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $13.30.

Kinross Gold Trading Down 1.6 %

NYSE KGC traded down $0.23 on Friday, hitting $14.80. 19,608,958 shares of the company were exchanged, compared to its average volume of 17,717,064. Kinross Gold Co. has a twelve month low of $6.34 and a twelve month high of $15.34. The company's 50 day moving average price is $12.11 and its 200-day moving average price is $10.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The firm has a market capitalization of $18.21 billion, a P/E ratio of 19.22, 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 announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.81%. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.

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.