185,219 Shares in Kinross Gold Co. (NYSE:KGC) Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 185,219 shares of the mining company’s stock, valued at approximately $1,696,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in Kinross Gold by 60.2% in the second quarter. Envestnet Asset Management Inc. now owns 265,650 shares of the mining company’s stock valued at $2,210,000 after acquiring an additional 99,812 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kinross Gold by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock valued at $72,867,000 after purchasing an additional 1,777,076 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Kinross Gold by 11.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 49,348 shares of the mining company’s stock worth $410,000 after buying an additional 5,232 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Kinross Gold by 187.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 171,664 shares of the mining company’s stock worth $1,429,000 after buying an additional 111,908 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Kinross Gold by 459.7% in the second quarter. Toronto Dominion Bank now owns 963,689 shares of the mining company’s stock valued at $8,018,000 after buying an additional 791,500 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $10.51 on Friday. The business has a 50-day simple moving average of $9.85 and a 200 day simple moving average of $9.54. Kinross Gold Co. has a one year low of $4.75 and a one year high of $10.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.90 and a beta of 1.21.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 29.9% on a year-over-year basis. On average, research analysts anticipate that Kinross Gold Co. will post 0.72 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, November 27th. Kinross Gold’s dividend payout ratio (DPR) is 19.67%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KGC shares. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. Jefferies Financial Group lifted their target price on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $11.13.

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.