Parvin Asset Management LLC Acquires Shares of 67,175 Kinross Gold Co. (NYSE:KGC)

Parvin Asset Management LLC acquired a new stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 67,175 shares of the mining company's stock, valued at approximately $623,000.

A number of other large investors also recently bought and sold shares of KGC. Jones Financial Companies Lllp increased its holdings in shares of Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,412 shares during the period. Mark Sheptoff Financial Planning LLC grew its stake in Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after purchasing an additional 1,002 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Kinross Gold in the fourth quarter worth about $42,000. Global Retirement Partners LLC lifted its position in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after buying an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after buying an additional 5,140 shares in the last quarter. Institutional investors own 63.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on KGC shares. Raymond James boosted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a report on Wednesday, April 23rd. Scotiabank restated an "outperform" rating on shares of Kinross Gold in a research note on Monday, April 14th. CIBC increased their price target on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $13.30.

Kinross Gold Stock Performance

KGC traded down $0.14 during midday trading on Friday, hitting $14.07. 15,352,890 shares of the company were exchanged, compared to its average volume of 17,850,618. The company's 50 day simple moving average is $12.76 and its 200 day simple moving average is $11.16. The firm has a market capitalization of $17.31 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. Kinross Gold Co. has a 1-year low of $6.48 and a 1-year high of $15.46. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

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

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend payout ratio is currently 15.58%.

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.