Amundi Acquires 492,611 Shares of Kinross Gold Co. (NYSE:KGC)

Amundi grew its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,794,489 shares of the mining company’s stock after acquiring an additional 492,611 shares during the period. Amundi owned about 0.47% of Kinross Gold worth $53,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after buying an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold during the 4th quarter valued at $42,000. Global Retirement Partners LLC lifted 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 valued at $50,000 after buying an additional 4,788 shares in the last quarter. Avior Wealth Management LLC lifted its stake 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 buying an additional 5,140 shares in the last quarter. Finally, Valley National Advisers Inc. purchased a new position in shares of Kinross Gold during the 4th quarter valued at $92,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Up 5.8 %

Shares of KGC stock opened at $11.18 on Wednesday. The stock has a market cap of $13.74 billion, a P/E ratio of 14.51, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 52 week low of $5.36 and a 52 week high of $12.28. 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’s fifty day simple moving average is $10.91 and its two-hundred day simple moving average is $10.10.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly 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%. Analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s payout ratio is currently 15.58%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KGC shares. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. CIBC lifted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.63.

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.