Boston Partners Sells 9,242,155 Shares of Kinross Gold Co. (NYSE:KGC)

Boston Partners reduced its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 21.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,821,852 shares of the mining company's stock after selling 9,242,155 shares during the period. Boston Partners owned approximately 2.83% of Kinross Gold worth $351,317,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after buying an additional 1,412 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC raised its holdings in shares of Kinross Gold by 747.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $92,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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Kinross Gold Stock Down 1.3 %

KGC traded down $0.16 during trading on Friday, reaching $12.17. 15,989,892 shares of the stock were exchanged, compared to its average volume of 17,225,075. The stock has a market cap of $14.95 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a twelve month low of $5.64 and a twelve month high of $12.39. The stock's 50 day moving average price is $11.21 and its two-hundred day moving average price is $10.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share 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%. Equities analysts expect that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 dividend on an annualized basis and a yield of 0.99%. Kinross Gold's payout ratio is 15.58%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KGC. CIBC lifted their price objective 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 shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday. Finally, StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $11.63.

Kinross Gold 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.