Skandinaviska Enskilda Banken AB publ Purchases Shares of 655,600 Kinross Gold Co. (NYSE:KGC)

Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 655,600 shares of the mining company’s stock, valued at approximately $6,012,000. Skandinaviska Enskilda Banken AB publ owned 0.05% of Kinross Gold as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,412 shares during the period. SBI Securities Co. Ltd. bought a new stake in Kinross Gold during the fourth quarter valued at about $42,000. Global Retirement Partners LLC grew its holdings in Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after purchasing an additional 4,788 shares during the period. Avior Wealth Management LLC grew its holdings in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock valued at $67,000 after purchasing an additional 5,140 shares during the period. Finally, Valley National Advisers Inc. purchased a new position in shares of Kinross Gold in the fourth quarter valued at about $92,000. Institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KGC shares. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday. CIBC boosted their price objective on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One investment 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Trading Up 2.0 %

Shares of KGC stock opened at $11.63 on Friday. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 12-month low of $5.44 and a 12-month high of $12.28. 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’s 50-day moving average price is $11.01 and its 200-day moving average price is $10.15.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Equities research analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s dividend payout ratio is currently 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.