Achmea Investment Management B.V. lessened its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 907,834 shares of the mining company's stock after selling 114,188 shares during the period. Achmea Investment Management B.V. owned 0.07% of Kinross Gold worth $8,427,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp increased its position in shares of Kinross Gold by 109.3% during the 4th 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Kinross Gold during the 4th quarter worth about $42,000. Global Retirement Partners LLC increased its position in shares of 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 purchasing an additional 4,788 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after purchasing an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Kinross Gold during the 4th quarter worth about $92,000. Hedge funds and other institutional investors own 63.69% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. CIBC raised their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $11.63.
Check Out Our Latest Stock Report on Kinross Gold
Kinross Gold Trading Down 0.1 %
NYSE KGC traded down $0.02 during trading on Tuesday, hitting $12.01. The stock had a trading volume of 19,163,653 shares, compared to its average volume of 17,176,400. The company has a market capitalization of $14.76 billion, a PE ratio of 15.59, a PEG ratio of 0.68 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $11.06 and a 200 day moving average price of $10.18. Kinross Gold Co. has a twelve month low of $5.44 and a twelve month high of $12.39.
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%. As a group, equities research analysts forecast that Kinross Gold Co. will post 0.81 earnings per share for the current year.
Kinross Gold Announces Dividend
The business also recently disclosed 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. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold's dividend payout ratio is presently 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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