Barclays PLC Sells 357,224 Shares of Kinross Gold Co. (NYSE:KGC)

Barclays PLC lessened its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 44.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,413 shares of the mining company's stock after selling 357,224 shares during the period. Barclays PLC's holdings in Kinross Gold were worth $4,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KGC. Allspring Global Investments Holdings LLC grew its holdings in shares of Kinross Gold by 634.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company's stock worth $36,971,000 after buying an additional 3,405,478 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Kinross Gold by 31.2% in the second quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company's stock worth $78,946,000 after purchasing an additional 2,267,999 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Kinross Gold by 28.0% during the third quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company's stock worth $80,191,000 after purchasing an additional 1,871,939 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kinross Gold by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company's stock valued at $72,867,000 after buying an additional 1,777,076 shares during the last quarter. Finally, Andra AP fonden bought a new stake in Kinross Gold during the 2nd quarter worth about $13,181,000. Institutional investors and hedge funds own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KGC shares. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. Jefferies Financial Group upped their price objective on Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $11.13.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded up $0.08 on Monday, hitting $9.33. The stock had a trading volume of 18,925,031 shares, compared to its average volume of 15,605,481. The business's 50 day moving average is $9.97 and its two-hundred day moving average is $9.20. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.44 and a beta of 1.22. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business's quarterly revenue was up 29.9% on a year-over-year basis. Analysts forecast that Kinross Gold Co. will post 0.7 EPS for the current year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.29%. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.

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.