Kinross Gold Co. (NYSE:KGC) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,441,083 shares of the mining company's stock after selling 3,729,417 shares during the quarter. Arrowstreet Capital Limited Partnership owned 2.48% of Kinross Gold worth $282,313,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KGC. Signaturefd LLC grew its holdings in Kinross Gold by 2.2% during the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock valued at $381,000 after purchasing an additional 865 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after buying an additional 1,002 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock worth $423,000 after acquiring an additional 1,079 shares during the last quarter. Schechter Investment Advisors LLC boosted 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 valued at $367,000 after acquiring an additional 1,080 shares during the period. Finally, Atomi Financial Group Inc. grew its position in Kinross Gold by 4.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company's stock valued at $219,000 after acquiring an additional 1,106 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

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Kinross Gold Stock Performance

NYSE:KGC traded up $0.24 during mid-day trading on Wednesday, hitting $12.84. The company's stock had a trading volume of 15,444,601 shares, compared to its average volume of 17,520,801. The business's fifty day moving average is $11.49 and its two-hundred day moving average is $10.44. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a 1 year low of $6.16 and a 1 year high of $12.91. 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 - Get Free Report) TSE: K last announced its quarterly earnings results 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 net margin of 18.43% and a return on equity of 12.65%. Analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.93%. Kinross Gold's dividend payout ratio is presently 15.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KGC shares. StockNews.com lowered shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC raised their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Kinross Gold has an average rating of "Buy" and an average 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.