Natixis Advisors LLC Raises Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Natixis Advisors LLC increased its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 40.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 140,431 shares of the mining company’s stock after buying an additional 40,250 shares during the quarter. Natixis Advisors LLC’s holdings in Kinross Gold were worth $1,302,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in shares of Kinross Gold by 109.3% in the fourth 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 last quarter. SBI Securities Co. Ltd. bought a new position in Kinross Gold in the 4th quarter worth about $42,000. Global Retirement Partners LLC increased its position in shares of Kinross Gold by 747.0% during the fourth 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 period. Avior Wealth Management LLC increased its position 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 worth $67,000 after acquiring an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. purchased a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $92,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

KGC has been the subject of several research reports. CIBC upped 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. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and an average target price of $11.63.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $12.30 on Wednesday. The company has a market capitalization of $15.13 billion, a PE ratio of 15.97, a P/E/G ratio of 0.68 and a beta of 1.29. The company has a 50-day simple moving average of $11.29 and a two-hundred day simple moving average of $10.32. Kinross Gold Co. has a one year low of $5.67 and a one year high of $12.59. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

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 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%. Research analysts expect that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s dividend payout ratio is presently 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.