Polar Asset Management Partners Inc. Trims Holdings in Kinross Gold Co. (NYSE:KGC)

Polar Asset Management Partners Inc. trimmed its holdings in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 84.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,000 shares of the mining company's stock after selling 526,762 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Kinross Gold were worth $900,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Artemis Investment Management LLP grew its position in shares of Kinross Gold by 321.5% in the 2nd quarter. Artemis Investment Management LLP now owns 6,695,496 shares of the mining company's stock worth $55,707,000 after buying an additional 5,107,120 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Kinross Gold by 634.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,942,042 shares of the mining company's stock worth $36,971,000 after purchasing an additional 3,405,478 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Kinross Gold by 31.2% during the 2nd quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company's stock valued at $78,946,000 after purchasing an additional 2,267,999 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kinross Gold by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company's stock valued at $72,867,000 after purchasing an additional 1,777,076 shares during the last quarter. Finally, Andra AP fonden acquired a new stake in shares of Kinross Gold in the 2nd quarter worth $13,181,000. Institutional investors own 63.69% of the company's stock.

Kinross Gold Price Performance

KGC traded down $0.14 during trading on Friday, hitting $9.76. The company's stock had a trading volume of 13,222,936 shares, compared to its average volume of 15,483,645. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 0.45 and a beta of 1.21. The business's fifty day simple moving average is $9.94 and its 200 day simple moving average is $9.07. Kinross Gold Co. has a twelve month low of $4.75 and a twelve month high of $10.82.

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

Kinross Gold Dividend Announcement

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 $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold's dividend payout ratio (DPR) is presently 19.67%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Scotiabank upped their target price on Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. Jefferies Financial Group raised their target price on Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Finally, StockNews.com upgraded 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 given a buy rating and one has given a strong buy rating to the stock. Based on 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.