Polar Asset Management Partners Inc. Buys 89,313 Shares of Kinross Gold Co. (NYSE:KGC)

Polar Asset Management Partners Inc. increased its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 93.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,313 shares of the mining company's stock after acquiring an additional 89,313 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Kinross Gold were worth $1,718,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on KGC shares. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. CIBC reissued an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, May 13th. Raymond James upped their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets initiated coverage on Kinross Gold in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. 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 MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $13.90.

Kinross Gold Stock Up 2.0%

NYSE:KGC traded up $0.29 on Wednesday, reaching $14.66. 23,133,875 shares of the stock traded hands, compared to its average volume of 18,281,472. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $18.03 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.68 and a beta of 0.64. Kinross Gold Co. has a 12 month low of $7.20 and a 12 month high of $15.96. The company's fifty day simple moving average is $13.55 and its 200 day simple moving average is $11.49.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business earned $0.10 EPS. The firm's revenue for the quarter was up 38.5% on a year-over-year basis. Equities analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. Kinross Gold's dividend payout ratio (DPR) is presently 12.24%.

Kinross Gold 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.