Kinross Gold Co. (NYSE:KGC) Short Interest Down 11.9% in February

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 10,140,000 shares, a decline of 11.9% from the January 31st total of 11,510,000 shares. Currently, 0.8% of the company's shares are sold short. Based on an average trading volume of 19,490,000 shares, the days-to-cover ratio is presently 0.5 days.

Kinross Gold Trading Up 0.1 %

NYSE KGC traded up $0.02 during trading hours on Friday, reaching $11.16. The company had a trading volume of 18,570,996 shares, compared to its average volume of 22,894,652. The stock has a 50-day moving average of $10.84 and a 200 day moving average of $10.08. Kinross Gold has a 1-year low of $5.32 and a 1-year high of $12.28. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $13.71 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) 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, research analysts anticipate that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

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Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. Kinross Gold's dividend payout ratio is presently 15.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KGC shares. StockNews.com cut shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.63.

Institutional Trading of Kinross Gold

Several hedge funds have recently made changes to their positions in 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. Mark Sheptoff Financial Planning LLC lifted its position in shares of Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Kinross Gold during the fourth quarter worth approximately $42,000. Global Retirement Partners LLC increased its stake in shares of Kinross Gold by 747.0% during the fourth 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 during the period. Finally, Avior Wealth Management LLC increased its stake in shares of Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after buying an additional 5,140 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

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.