Charles Schwab Investment Management Inc. trimmed its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,388,645 shares of the mining company's stock after selling 180,213 shares during the period. Charles Schwab Investment Management Inc. owned 0.28% of Kinross Gold worth $31,456,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in Kinross Gold by 44.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 57,727 shares of the mining company's stock valued at $540,000 after purchasing an additional 17,677 shares during the period. OneDigital Investment Advisors LLC purchased a new position in Kinross Gold during the third quarter worth approximately $94,000. Natixis Advisors LLC boosted its holdings in shares of Kinross Gold by 56.4% in the 3rd quarter. Natixis Advisors LLC now owns 100,181 shares of the mining company's stock valued at $938,000 after purchasing an additional 36,132 shares during the last quarter. Mount Lucas Management LP grew its stake in shares of Kinross Gold by 2.7% during the 3rd quarter. Mount Lucas Management LP now owns 179,664 shares of the mining company's stock valued at $1,682,000 after buying an additional 4,771 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Kinross Gold during the 3rd quarter worth $5,781,000. 63.69% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently weighed in on KGC shares. CIBC lifted their target price on 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 Kinross Gold to a "strong-buy" rating in a report on Wednesday. Finally, StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 14th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $11.63.
View Our Latest Stock Report on KGC
Kinross Gold Stock Performance
Shares of NYSE KGC traded up $0.12 during trading on Thursday, reaching $12.32. The stock had a trading volume of 13,722,537 shares, compared to its average volume of 17,226,572. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The stock has a market cap of $15.14 billion, a PE ratio of 16.01, a P/E/G ratio of 0.68 and a beta of 1.29. Kinross Gold Co. has a one year low of $5.44 and a one year high of $12.39. The firm's 50 day moving average price is $11.14 and its two-hundred day moving average price is $10.21.
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%. On average, research analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.
Kinross Gold Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%. Kinross Gold's payout ratio is currently 15.58%.
About Kinross Gold
(
Free Report)
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.
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