Charles Schwab Investment Management Inc. Sells 146,398 Shares of Kinross Gold Co. (NYSE:KGC)

Charles Schwab Investment Management Inc. trimmed its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,568,858 shares of the mining company's stock after selling 146,398 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.29% of Kinross Gold worth $33,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC purchased a new position in Kinross Gold during the 2nd quarter valued at $40,000. Fifth Third Bancorp increased its position in Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock valued at $80,000 after purchasing an additional 9,375 shares during the period. Corundum Trust Company INC purchased a new position in Kinross Gold during the 3rd quarter valued at $94,000. OneDigital Investment Advisors LLC purchased a new position in Kinross Gold during the 3rd quarter valued at $94,000. Finally, Fiera Capital Corp purchased a new position in Kinross Gold during the 3rd quarter valued at $99,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Stock Up 0.2 %

Kinross Gold stock traded up $0.02 during mid-day trading on Wednesday, reaching $9.94. The stock had a trading volume of 15,056,592 shares, compared to its average volume of 15,505,691. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 0.43 and a beta of 1.21. The company has a 50-day moving average price of $9.93 and a two-hundred day moving average price of $9.05. Kinross Gold Co. has a one year low of $4.75 and a one year high of $10.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. On average, analysts expect that Kinross Gold Co. will post 0.7 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold's dividend payout ratio is currently 19.67%.

Analyst Upgrades and Downgrades

KGC has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Scotiabank upped their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Finally, StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Kinross Gold has a consensus rating of "Buy" and a consensus target price of $11.13.

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.