Cannell & Spears LLC Has $1.61 Million Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Cannell & Spears LLC trimmed its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,538 shares of the mining company's stock after selling 38,564 shares during the quarter. Cannell & Spears LLC's holdings in Kinross Gold were worth $1,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KGC. Citigroup Inc. lifted its position in shares of Kinross Gold by 244.4% during the 3rd quarter. Citigroup Inc. now owns 433,061 shares of the mining company's stock worth $4,062,000 after buying an additional 307,326 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Kinross Gold by 11.9% in the third quarter. Cerity Partners LLC now owns 84,628 shares of the mining company's stock worth $792,000 after acquiring an additional 8,993 shares during the last quarter. FMR LLC boosted its stake in shares of Kinross Gold by 18.0% in the 3rd quarter. FMR LLC now owns 2,896,047 shares of the mining company's stock valued at $27,131,000 after purchasing an additional 441,202 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Kinross Gold by 326.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company's stock valued at $12,211,000 after purchasing an additional 998,763 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Kinross Gold by 130.3% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 395,305 shares of the mining company's stock valued at $3,703,000 after purchasing an additional 223,641 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

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Kinross Gold Trading Down 6.7 %

Shares of KGC stock traded down $0.86 during trading hours on Friday, hitting $11.84. 36,493,760 shares of the company were exchanged, compared to its average volume of 17,618,870. The company has a 50 day simple moving average of $11.60 and a two-hundred day simple moving average of $10.49. The firm has a market cap of $14.56 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.68 and a beta of 1.29. 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 Co. has a fifty-two week low of $6.20 and a fifty-two week high of $12.90.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted 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%. Equities analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.01%. Kinross Gold's payout ratio is currently 15.58%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. CIBC boosted their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Raymond James upped their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $12.30.

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.