FIL Ltd Sells 37,158 Shares of Kinross Gold Co. (NYSE:KGC)

FIL Ltd lowered its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,023,550 shares of the mining company's stock after selling 37,158 shares during the period. FIL Ltd owned approximately 0.90% of Kinross Gold worth $102,379,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in KGC. Winmill & CO. Inc. increased its stake in Kinross Gold by 1,422.9% in the fourth quarter. Winmill & CO. Inc. now owns 799,500 shares of the mining company's stock valued at $7,411,000 after acquiring an additional 747,000 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Kinross Gold by 183.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,342,959 shares of the mining company's stock worth $21,721,000 after buying an additional 1,514,970 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Kinross Gold by 241.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,706,637 shares of the mining company's stock worth $15,821,000 after buying an additional 1,206,251 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Kinross Gold by 28.8% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 260,452 shares of the mining company's stock worth $2,415,000 after buying an additional 58,243 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Kinross Gold by 5.9% in the 4th quarter. Wells Fargo & Company MN now owns 529,328 shares of the mining company's stock valued at $4,907,000 after buying an additional 29,677 shares in the last quarter. Institutional investors own 63.69% of the company's stock.

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Kinross Gold Stock Performance

KGC traded up $0.22 during trading hours on Monday, reaching $14.60. The company's stock had a trading volume of 7,376,673 shares, compared to its average volume of 17,691,139. The company's 50-day moving average is $11.83 and its 200-day moving average is $10.65. Kinross Gold Co. has a 52 week low of $6.20 and a 52 week high of $14.67. The firm has a market cap of $17.96 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12. 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 released 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%. On average, equities analysts forecast that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KGC shares. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 4th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. CIBC boosted their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Raymond James increased 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. Finally, Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold presently has an average rating of "Buy" and an average target price 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.