Aquatic Capital Management LLC Sells 156,399 Shares of Kinross Gold Co. (NYSE:KGC)

Aquatic Capital Management LLC cut its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 575,301 shares of the mining company's stock after selling 156,399 shares during the period. Aquatic Capital Management LLC's holdings in Kinross Gold were worth $5,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KGC. Norges Bank bought a new position in shares of Kinross Gold during the 4th quarter worth approximately $280,697,000. Renaissance Technologies LLC lifted its position in shares of Kinross Gold by 10.9% during the 4th quarter. Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after acquiring an additional 3,224,455 shares during the period. Mediolanum International Funds Ltd bought a new position in Kinross Gold during the fourth quarter worth $2,506,000. Truist Financial Corp grew its holdings in Kinross Gold by 48.2% in 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. Finally, DJE Kapital AG bought a new stake in Kinross Gold in the fourth quarter valued at $3,723,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Down 1.2 %

Shares of NYSE:KGC opened at $14.49 on Friday. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 0.68 and a beta of 1.12. The business's 50 day moving average is $12.43 and its 200 day moving average is $11.01. Kinross Gold Co. has a 12-month low of $6.42 and a 12-month high of $15.46. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC - Get Free Report) 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 analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. On average, sell-side analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.83%. Kinross Gold's dividend payout ratio (DPR) is 15.58%.

Analyst Ratings Changes

A number of research firms have recently issued reports on KGC. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a research report on Wednesday. Scotiabank reiterated an "outperform" rating on shares of Kinross Gold in a report on Monday, April 14th. Raymond James boosted their price objective on Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. BMO Capital Markets assumed coverage on Kinross Gold in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold currently has an average rating of "Buy" and a consensus price target of $13.30.

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.

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