First Trust Advisors LP Cuts Position in Kinross Gold Co. (NYSE:KGC)

First Trust Advisors LP reduced its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,285,192 shares of the mining company's stock after selling 38,205 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of Kinross Gold worth $11,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Allred Capital Management LLC bought a new position in Kinross Gold during the fourth quarter valued at about $167,000. Gamco Investors INC. ET AL increased its stake in shares of Kinross Gold by 0.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 520,865 shares of the mining company's stock worth $4,828,000 after purchasing an additional 4,500 shares during the last quarter. Bridgewater Associates LP raised its holdings in shares of Kinross Gold by 94.2% in the 4th quarter. Bridgewater Associates LP now owns 1,070,372 shares of the mining company's stock worth $9,936,000 after purchasing an additional 519,169 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in 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. Finally, Mariner LLC increased its position in Kinross Gold by 41.3% in the fourth quarter. Mariner LLC now owns 205,711 shares of the mining company's stock worth $1,907,000 after buying an additional 60,095 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KGC shares. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. BMO Capital Markets started coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $13.30.

Kinross Gold Stock Performance

Kinross Gold stock opened at $14.49 on Monday. The firm's 50 day simple moving average is $12.43 and its 200 day simple moving average is $11.01. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 1-year low of $6.42 and a 1-year high of $15.46. The firm has a market capitalization of $17.83 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12.

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 return on equity of 12.65% and a net margin of 18.43%. As a group, analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.83%. Kinross Gold's dividend payout ratio (DPR) is presently 15.58%.

About Kinross Gold

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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