Kinross Gold Co. (NYSE:KGC) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,127,891 shares of the mining company’s stock after purchasing an additional 49,328 shares during the quarter. Allianz Asset Management GmbH’s holdings in Kinross Gold were worth $47,600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KGC. Van ECK Associates Corp lifted its holdings in shares of Kinross Gold by 62.2% during the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock worth $1,078,330,000 after purchasing an additional 44,610,091 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Kinross Gold during the third quarter worth about $14,193,000. Toronto Dominion Bank lifted its holdings in shares of Kinross Gold by 115.7% during the third quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock worth $19,455,000 after purchasing an additional 1,114,801 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Kinross Gold by 326.6% during the third quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock worth $12,211,000 after purchasing an additional 998,763 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after purchasing an additional 828,456 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

KGC has been the subject of a number of research reports. CIBC lifted their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Stock Down 5.0 %

Shares of KGC stock opened at $10.97 on Friday. The stock has a 50 day moving average of $10.52 and a 200 day moving average of $9.92. 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 stock has a market cap of $13.48 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.68 and a beta of 1.24. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last posted 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%. As a group, sell-side analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 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.