Wells Fargo & Company MN Acquires 29,677 Shares of Kinross Gold Co. (NYSE:KGC)

Wells Fargo & Company MN increased its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 529,328 shares of the mining company's stock after purchasing an additional 29,677 shares during the quarter. Wells Fargo & Company MN's holdings in Kinross Gold were worth $4,907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. 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 acquiring an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its stake 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 period. SBI Securities Co. Ltd. purchased a new stake in Kinross Gold during the 4th quarter valued at $42,000. Global Retirement Partners LLC grew its holdings in Kinross Gold by 747.0% in 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 during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Kinross Gold by 246.3% during the fourth 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on KGC. BMO Capital Markets began coverage on Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. National Bankshares reaffirmed an "outperform" rating on shares of Kinross Gold in a research report on Wednesday. Raymond James raised 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 Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Scotiabank restated an "outperform" rating on shares of Kinross Gold in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold has a consensus rating of "Buy" and a consensus price target of $13.30.

Kinross Gold Stock Down 1.5 %

Shares of Kinross Gold stock traded down $0.23 on Friday, reaching $14.45. The company's stock had a trading volume of 5,892,869 shares, compared to its average volume of 17,778,642. Kinross Gold Co. has a 52 week low of $6.42 and a 52 week high of $15.46. The firm's fifty day simple moving average is $12.36 and its two-hundred day simple moving average is $10.96. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 0.68 and a beta of 1.12.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued 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 return on equity of 12.65% and a net margin of 18.43%. Equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. Kinross Gold's dividend payout ratio (DPR) is 15.58%.

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.