Kinross Gold Co. (NYSE:KGC) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lowered its stake in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,388,343 shares of the mining company's stock after selling 65,300 shares during the period. Kinross Gold makes up approximately 2.4% of Euro Pacific Asset Management LLC's investment portfolio, making the stock its 15th biggest position. Euro Pacific Asset Management LLC owned 0.11% of Kinross Gold worth $13,113,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KGC. Atlas Capital Advisors LLC bought a new stake in shares of Kinross Gold during the second quarter valued at approximately $40,000. Fifth Third Bancorp grew its holdings in shares of Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock valued at $80,000 after buying an additional 9,375 shares during the last quarter. Corundum Trust Company INC purchased a new stake in shares of Kinross Gold during the third quarter valued at $94,000. OneDigital Investment Advisors LLC purchased a new stake in Kinross Gold in the third quarter valued at $94,000. Finally, Fiera Capital Corp purchased a new stake in Kinross Gold in the third quarter valued at $99,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Price Performance

Shares of Kinross Gold stock traded down $0.14 during trading hours on Friday, reaching $9.25. The stock had a trading volume of 15,117,527 shares, compared to its average volume of 17,752,294. The stock's 50 day moving average is $9.81 and its 200 day moving average is $8.80. The firm has a market capitalization of $11.37 billion, a PE ratio of 15.16, a PEG ratio of 0.46 and a beta of 1.22. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The company's revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Equities analysts expect that Kinross Gold Co. will post 0.69 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. Investors of record on Thursday, November 28th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.30%. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.

Analysts Set New Price Targets

KGC has been the topic of several recent research reports. Jefferies Financial Group upped their price target on shares of Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, October 4th. Scotiabank upped their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Finally, StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $10.00.

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.