Ruffer LLP decreased its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 31.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,427,970 shares of the mining company's stock after selling 3,371,979 shares during the quarter. Kinross Gold makes up about 2.5% of Ruffer LLP's investment portfolio, making the stock its 10th largest position. Ruffer LLP owned approximately 0.60% of Kinross Gold worth $68,859,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of KGC. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Kinross Gold in the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its holdings in Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock worth $50,000 after buying an additional 4,788 shares in the last quarter. Avior Wealth Management LLC boosted its position in Kinross Gold by 246.3% in the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after buying an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Kinross Gold in the 4th quarter valued at $92,000. Institutional investors and hedge funds own 63.69% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on KGC. CIBC upped their price target on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Kinross Gold has an average rating of "Moderate Buy" and a consensus target price of $11.63.
Get Our Latest Analysis on KGC
Kinross Gold Trading Up 5.8 %
Shares of KGC stock traded up $0.62 during trading hours on Tuesday, reaching $11.18. The company had a trading volume of 20,588,393 shares, compared to its average volume of 22,885,590. Kinross Gold Co. has a 1-year low of $5.36 and a 1-year high of $12.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.68 and a beta of 1.29. The company has a 50 day moving average of $10.87 and a 200 day moving average of $10.09.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its 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 research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.
Kinross Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Kinross Gold's payout ratio is 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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