Monaco Asset Management SAM Sells 340,420 Shares of Kinross Gold Co. (NYSE:KGC)

Monaco Asset Management SAM decreased its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 85.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,580 shares of the mining company's stock after selling 340,420 shares during the period. Monaco Asset Management SAM's holdings in Kinross Gold were worth $552,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in 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 during the last quarter. SBI Securities Co. Ltd. bought a new stake in Kinross Gold during the fourth quarter worth about $42,000. Global Retirement Partners LLC lifted its stake in 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 purchasing an additional 4,788 shares during the last quarter. Avior Wealth Management LLC lifted its stake in 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 purchasing an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. bought a new stake in Kinross Gold during the fourth quarter worth about $92,000. Institutional investors own 63.69% of the company's stock.

Kinross Gold Trading Down 0.1 %

NYSE:KGC traded down $0.02 during mid-day trading on Tuesday, reaching $12.01. 19,163,660 shares of the company's stock traded hands, compared to its average volume of 17,176,406. Kinross Gold Co. has a 12-month low of $5.44 and a 12-month high of $12.39. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.68 and a beta of 1.29. 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 company has a 50 day moving average price of $11.06 and a 200-day moving average price of $10.18.

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Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. On average, sell-side analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.00%. Kinross Gold's dividend payout ratio (DPR) is 15.58%.

Analysts Set New Price Targets

Several brokerages have issued reports on KGC. CIBC lifted their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $11.63.

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.