Kinross Gold Co. (NYSE:KGC) Holdings Boosted by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,711,646 shares of the mining company’s stock after purchasing an additional 172,267 shares during the period. American Century Companies Inc. owned approximately 0.63% of Kinross Gold worth $71,561,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KGC. Capstone Investment Advisors LLC acquired a new position in Kinross Gold during the third quarter valued at $774,000. Mediolanum International Funds Ltd purchased a new stake in shares of Kinross Gold in the fourth quarter worth approximately $2,506,000. Truist Financial Corp boosted its holdings in shares of Kinross Gold by 48.2% during the fourth quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock worth $2,800,000 after purchasing an additional 98,196 shares during the period. Geode Capital Management LLC grew its position in Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after purchasing an additional 828,456 shares in the last quarter. Finally, DJE Kapital AG acquired a new position in Kinross Gold in the 4th quarter valued at approximately $3,723,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KGC shares. CIBC boosted their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Stifel Canada upgraded 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 research report on Friday, March 21st. Finally, StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $11.63.

Kinross Gold Stock Up 0.8 %

KGC stock opened at $12.30 on Wednesday. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The company has a 50-day moving average of $11.29 and a two-hundred day moving average of $10.32. Kinross Gold Co. has a 52-week low of $5.67 and a 52-week high of $12.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83.

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 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%. As a group, equities research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. Kinross Gold’s payout ratio is 15.58%.

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.