Centiva Capital LP Sells 80,099 Shares of Kinross Gold Co. (NYSE:KGC)

Centiva Capital LP trimmed its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 44.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 100,634 shares of the mining company's stock after selling 80,099 shares during the period. Centiva Capital LP's holdings in Kinross Gold were worth $942,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kinross Gold by 5.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,267,312 shares of the mining company's stock valued at $124,276,000 after purchasing an additional 642,007 shares in the last quarter. Mackenzie Financial Corp boosted its position in Kinross Gold by 6.2% during the 2nd quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company's stock worth $91,255,000 after buying an additional 643,013 shares during the period. National Bank of Canada FI grew its holdings in Kinross Gold by 31.2% during the 2nd quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company's stock worth $78,946,000 after acquiring an additional 2,267,999 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 acquiring an additional 1,777,076 shares during the period. Finally, Artemis Investment Management LLP raised its stake in shares of 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 valued at $80,191,000 after acquiring an additional 1,871,939 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Wall Street Analysts Forecast Growth

KGC has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, October 4th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 9th. Finally, Scotiabank lifted their price objective on Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $11.13.

Kinross Gold Trading Down 1.5 %

Shares of KGC stock traded down $0.15 during mid-day trading on Friday, hitting $9.75. The company's stock had a trading volume of 13,157,947 shares, compared to its average volume of 15,483,370. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. The company's fifty day simple moving average is $9.94 and its 200-day simple moving average is $9.06. The company has a market cap of $11.98 billion, a PE ratio of 16.25, a P/E/G ratio of 0.45 and a beta of 1.21.

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

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold's dividend payout ratio (DPR) is currently 19.67%.

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.