Kinross Gold Co. (NYSE:KGC) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,098,278 shares of the mining company's stock after selling 427,900 shares during the quarter. Canada Pension Plan Investment Board owned 0.33% of Kinross Gold worth $38,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL boosted its position in shares of Kinross Gold by 0.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 520,865 shares of the mining company's stock worth $4,828,000 after buying an additional 4,500 shares in the last quarter. Bridgewater Associates LP lifted its holdings in shares of Kinross Gold by 94.2% in the fourth quarter. Bridgewater Associates LP now owns 1,070,372 shares of the mining company's stock valued at $9,936,000 after purchasing an additional 519,169 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of Kinross Gold by 70.7% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 275,529 shares of the mining company's stock valued at $2,556,000 after purchasing an additional 114,129 shares during the last quarter. Mariner LLC grew its position in shares of Kinross Gold by 41.3% in the fourth quarter. Mariner LLC now owns 205,711 shares of the mining company's stock valued at $1,907,000 after purchasing an additional 60,095 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in shares of Kinross Gold by 50.9% during the 4th quarter. Townsquare Capital LLC now owns 17,601 shares of the mining company's stock worth $163,000 after purchasing an additional 5,936 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on KGC. Raymond James raised their price target on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. CIBC raised their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 18th. Finally, BMO Capital Markets initiated coverage on shares of Kinross Gold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Kinross Gold currently has an average rating of "Buy" and an average price target of $13.30.

Kinross Gold Trading Up 1.6 %

Shares of KGC traded up $0.24 during mid-day trading on Thursday, hitting $14.59. The company had a trading volume of 11,842,059 shares, compared to its average volume of 21,876,770. Kinross Gold Co. has a 1-year low of $6.42 and a 1-year high of $15.45. The business's 50-day simple moving average is $12.30 and its 200-day simple moving average is $10.92. The stock has a market cap of $17.95 billion, a PE ratio of 18.93, a P/E/G ratio of 0.68 and a beta of 1.12. 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 announced its quarterly 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 net margin of 18.43% and a return on equity of 12.65%. Sell-side analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend payout ratio is currently 15.58%.

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.