Kinross Gold Co. (NYSE:KGC) Stake Lessened by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC trimmed its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 474,758 shares of the mining company's stock after selling 106,856 shares during the period. O Shaughnessy Asset Management LLC's holdings in Kinross Gold were worth $4,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KGC. SCP Investment LP bought a new position in Kinross Gold during the 4th quarter valued at $156,000. Schroder Investment Management Group lifted its position in shares of Kinross Gold by 2.8% during the fourth quarter. Schroder Investment Management Group now owns 3,277,665 shares of the mining company's stock worth $30,056,000 after purchasing an additional 87,822 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in Kinross Gold in the fourth quarter worth about $758,000. Orion Portfolio Solutions LLC increased its holdings in Kinross Gold by 106.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 31,789 shares of the mining company's stock valued at $295,000 after buying an additional 16,418 shares during the last quarter. Finally, denkapparat Operations GmbH acquired a new stake in Kinross Gold during the fourth quarter valued at approximately $383,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

KGC has been the subject of a number of research analyst reports. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Raymond James increased their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Friday. CIBC increased their price objective on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $12.30.

Kinross Gold Stock Performance

Kinross Gold stock traded up $0.19 during midday trading on Monday, reaching $11.98. 29,077,806 shares of the stock traded hands, compared to its average volume of 17,667,134. The firm has a fifty day moving average price of $11.63 and a two-hundred day moving average price of $10.52. Kinross Gold Co. has a fifty-two week low of $6.20 and a fifty-two week high of $12.90. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 0.68 and a beta of 1.12. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) 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, 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 was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid 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 was Wednesday, March 5th. Kinross Gold's dividend payout ratio is currently 15.58%.

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.