Kinross Gold Co. (NYSE:KGC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 855,799 shares of the mining company's stock after selling 154,937 shares during the quarter. Wellington Management Group LLP owned approximately 0.07% of Kinross Gold worth $7,944,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SCP Investment LP acquired a new position in Kinross Gold in the 4th quarter valued at about $156,000. Schroder Investment Management Group boosted its position in 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 acquiring an additional 87,822 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in Kinross Gold in the 4th quarter worth approximately $758,000. Orion Portfolio Solutions LLC lifted its stake in shares of Kinross Gold by 106.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 31,789 shares of the mining company's stock worth $295,000 after purchasing an additional 16,418 shares during the period. Finally, denkapparat Operations GmbH acquired a new position in Kinross Gold in the fourth quarter valued at $383,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com raised shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 4th. Raymond James raised their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 4th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, CIBC lifted their price target 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. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $12.30.

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Kinross Gold Trading Up 5.1 %

NYSE:KGC opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold Co. has a 12-month low of $6.20 and a 12-month high of $14.43. The business has a 50 day simple moving average of $11.77 and a 200 day simple moving average of $10.61. The firm has a market capitalization of $16.84 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.68 and a beta of 1.12.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 EPS 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%. Equities research analysts predict that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's payout ratio is currently 15.58%.

Kinross Gold 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.

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