Aviva PLC lessened its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 40.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 704,318 shares of the mining company's stock after selling 473,407 shares during the quarter. Aviva PLC owned approximately 0.06% of Kinross Gold worth $6,528,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of Kinross Gold by 109.3% in the fourth 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. Mark Sheptoff Financial Planning LLC grew its stake in Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kinross Gold during the fourth quarter worth approximately $42,000. Global Retirement Partners LLC raised its stake in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after acquiring an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after purchasing an additional 5,140 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.
Kinross Gold Stock Up 1.6 %
Shares of NYSE:KGC traded up $0.23 during trading on Monday, reaching $14.61. The stock had a trading volume of 4,853,200 shares, compared to its average volume of 17,681,998. The firm's 50-day simple moving average is $11.83 and its 200 day simple moving average is $10.65. 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 one year low of $6.20 and a one year high of $14.67. The company has a market capitalization of $17.98 billion, a P/E ratio of 18.97, a PEG ratio of 0.68 and a beta of 1.12.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its 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%. As a group, research analysts expect that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.
Kinross Gold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.82%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend payout ratio is currently 15.58%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. CIBC lifted their target price on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, April 4th. Raymond James increased their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday, April 4th. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $12.30.
Read Our Latest Stock Report on KGC
Kinross Gold Company Profile
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Free Report)
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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