Northwest & Ethical Investments L.P. Lowers Stock Position in Kinross Gold Co. (NYSE:KGC)

Northwest & Ethical Investments L.P. lessened its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,756 shares of the mining company's stock after selling 33,658 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Kinross Gold were worth $1,147,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of Kinross Gold by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after purchasing an additional 44,610,091 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Kinross Gold by 80.9% during the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company's stock valued at $116,898,000 after acquiring an additional 5,639,383 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Kinross Gold during the 3rd quarter worth about $14,193,000. Intact Investment Management Inc. raised its position in shares of Kinross Gold by 4,059.9% in the 4th quarter. Intact Investment Management Inc. now owns 1,510,040 shares of the mining company's stock worth $14,022,000 after acquiring an additional 1,473,740 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Kinross Gold by 10.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company's stock valued at $136,028,000 after purchasing an additional 1,398,225 shares during the period. 63.69% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KGC shares. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. CIBC increased their target price 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, StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $11.63.

Kinross Gold Stock Down 0.9 %

Shares of KGC traded down $0.11 during trading hours on Wednesday, reaching $12.20. The stock had a trading volume of 9,145,070 shares, compared to its average volume of 17,232,799. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 0.68 and a beta of 1.29. The firm has a 50-day simple moving average of $11.29 and a 200 day simple moving average of $10.32. 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 Co. has a 12 month low of $5.67 and a 12 month high of $12.59.

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 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 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is presently 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.