Intact Investment Management Inc. Has $14.02 Million Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Intact Investment Management Inc. grew its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 4,059.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,510,040 shares of the mining company’s stock after purchasing an additional 1,473,740 shares during the quarter. Intact Investment Management Inc. owned about 0.12% of Kinross Gold worth $14,022,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC raised its holdings in Kinross Gold by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after purchasing an additional 1,080 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Kinross Gold by 4.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock worth $219,000 after purchasing an additional 1,106 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Kinross Gold by 109.3% during the 4th 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. Blue Trust Inc. increased its stake in shares of Kinross Gold by 9.6% in the 4th quarter. Blue Trust Inc. now owns 23,411 shares of the mining company’s stock valued at $219,000 after acquiring an additional 2,060 shares in the last quarter. Finally, Louisbourg Investments Inc. increased its stake in shares of Kinross Gold by 1.0% in the 4th quarter. Louisbourg Investments Inc. now owns 282,500 shares of the mining company’s stock valued at $2,622,000 after acquiring an additional 2,700 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of KGC stock opened at $11.40 on Friday. The firm has a market capitalization of $14.01 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The firm has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $10.12. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 12 month low of $5.44 and a 12 month high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results 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%. Analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold’s dividend payout ratio is 15.58%.

Analyst Ratings Changes

KGC has been the subject of several research analyst reports. CIBC lifted their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinross Gold presently has an average rating of “Moderate Buy” and an average target price of $11.63.

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.