American Century Companies Inc. Has $71.56 Million Stock Holdings in Kinross Gold Co. (NYSE:KGC)

American Century Companies Inc. raised its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,711,646 shares of the mining company’s stock after acquiring an additional 172,267 shares during the period. American Century Companies Inc.’s holdings in Kinross Gold were worth $71,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp boosted its stake in Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after buying an additional 44,610,091 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Kinross Gold by 80.9% in the 4th quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock valued at $116,898,000 after purchasing an additional 5,639,383 shares in the last quarter. Intact Investment Management Inc. grew its holdings in shares of Kinross Gold by 4,059.9% in the 4th quarter. Intact Investment Management Inc. now owns 1,510,040 shares of the mining company’s stock worth $14,022,000 after purchasing an additional 1,473,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Kinross Gold by 10.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company’s stock worth $136,028,000 after purchasing an additional 1,398,225 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in Kinross Gold by 115.7% in the third quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock valued at $19,455,000 after buying an additional 1,114,801 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Trading Up 0.8 %

NYSE KGC opened at $12.30 on Wednesday. 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 $5.67 and a 12 month high of $12.59. 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 stock has a 50-day simple moving average of $11.29 and a 200 day simple moving average of $10.32.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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 forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a dividend of $0.03 per share. 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 payout ratio is presently 15.58%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KGC shares. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com cut Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, CIBC upped their price target on Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Company 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.