International Assets Investment Management LLC Acquires New Shares in Kinross Gold Co. (NYSE:KGC)

International Assets Investment Management LLC acquired a new stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 52,938 shares of the mining company’s stock, valued at approximately $320,000.

Several other hedge funds have also recently bought and sold shares of KGC. Bruce G. Allen Investments LLC purchased a new position in Kinross Gold in the 4th quarter valued at approximately $26,000. CWM LLC increased its stake in Kinross Gold by 353.2% in the 3rd quarter. CWM LLC now owns 7,378 shares of the mining company’s stock valued at $34,000 after purchasing an additional 5,750 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in Kinross Gold in the 4th quarter valued at approximately $53,000. SCP Investment LP increased its stake in Kinross Gold by 59.3% in the 3rd quarter. SCP Investment LP now owns 18,800 shares of the mining company’s stock valued at $86,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Pearl River Capital LLC increased its position in Kinross Gold by 17.9% during the third quarter. Pearl River Capital LLC now owns 21,100 shares of the mining company’s stock worth $96,000 after buying an additional 3,200 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Trading Up 0.2 %

NYSE KGC opened at $6.75 on Friday. Kinross Gold Co. has a 12 month low of $4.32 and a 12 month high of $6.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.63 and a quick ratio of 0.95. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. The company’s fifty day moving average price is $5.83 and its two-hundred day moving average price is $5.65.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, research analysts predict that Kinross Gold Co. will post 0.37 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were given a $0.03 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.78%. Kinross Gold’s payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KGC. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. TheStreet downgraded Kinross Gold from a “b” rating to a “c+” rating in a research report on Friday, February 16th. CIBC raised their price target on Kinross Gold from $7.00 to $8.15 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Jefferies Financial Group raised their price target on Kinross Gold from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, StockNews.com raised Kinross Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.44.

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.