The Manufacturers Life Insurance Company Has $58.20 Million Stock Holdings in Kinross Gold Co. (NYSE:KGC)

The Manufacturers Life Insurance Company cut its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,258,527 shares of the mining company's stock after selling 836,095 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.51% of Kinross Gold worth $58,202,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KGC. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold in the fourth quarter worth about $42,000. Global Retirement Partners LLC boosted its stake in shares of Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after acquiring an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC increased 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 valued at $67,000 after acquiring an additional 5,140 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on KGC. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. 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. Scotiabank reiterated an "outperform" rating on shares of Kinross Gold in a research note on Monday, April 14th. BMO Capital Markets began coverage on shares of Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, CIBC upped their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Kinross Gold presently has a consensus rating of "Buy" and an average price target of $13.30.

Kinross Gold Stock Performance

NYSE:KGC traded down $0.14 during trading hours on Friday, hitting $14.07. 15,352,890 shares of the company traded hands, compared to its average volume of 17,850,615. 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 Co. has a twelve month low of $6.48 and a twelve month high of $15.46. The firm has a 50-day moving average of $12.70 and a 200 day moving average of $11.13. The stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 0.68 and a beta of 1.12.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

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