SG Americas Securities LLC Sells 130,462 Shares of Kinross Gold Co. (NYSE:KGC)

SG Americas Securities LLC decreased its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 46.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,969 shares of the mining company's stock after selling 130,462 shares during the quarter. SG Americas Securities LLC's holdings in Kinross Gold were worth $1,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KGC. Campbell & CO Investment Adviser LLC lifted its holdings in Kinross Gold by 248.4% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 334,102 shares of the mining company's stock worth $2,021,000 after acquiring an additional 238,219 shares during the period. Vanguard Group Inc. raised its stake in shares of Kinross Gold by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company's stock worth $278,486,000 after purchasing an additional 497,531 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Kinross Gold by 4.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,846,537 shares of the mining company's stock worth $17,285,000 after buying an additional 124,055 shares during the last quarter. Quantbot Technologies LP bought a new position in Kinross Gold during the first quarter valued at about $1,095,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in Kinross Gold during the first quarter worth about $3,199,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Price Performance

KGC traded up $0.26 during trading on Friday, reaching $9.17. 11,881,843 shares of the company were exchanged, compared to its average volume of 15,272,332. Kinross Gold Co. has a 12-month low of $4.32 and a 12-month high of $9.44. The company's 50-day moving average is $8.43 and its two-hundred day moving average is $7.06. The company has a quick ratio of 0.52, a current ratio of 1.27 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 0.53 and a beta of 1.19.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. The company's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. Research analysts forecast that Kinross Gold Co. will post 0.57 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, August 22nd. Kinross Gold's payout ratio is 33.33%.

Analyst Ratings Changes

A number of research firms have weighed in on KGC. Scotiabank boosted their target price on shares of Kinross Gold from $8.00 to $9.50 and gave the company an "outperform" rating in a research note on Thursday, May 23rd. CIBC upped their price objective on Kinross Gold from $8.15 to $12.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Jefferies Financial Group raised their target price on Kinross Gold from $7.00 to $9.00 and gave the stock a "hold" rating in a research report on Friday, July 12th. Cormark raised Kinross Gold from a "hold" rating to a "moderate buy" rating in a research report on Thursday, May 9th. Finally, BMO Capital Markets lifted their price objective on Kinross Gold from $10.00 to $11.50 and gave the stock an "outperform" rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $8.57.

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.