Pullen Investment Management LLC Sells 76,687 Shares of Kinross Gold Co. (NYSE:KGC)

Pullen Investment Management LLC lowered its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 40.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,286 shares of the mining company's stock after selling 76,687 shares during the quarter. Pullen Investment Management LLC's holdings in Kinross Gold were worth $1,070,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KGC. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 497,531 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Kinross Gold during the first quarter worth $1,095,000. Gabelli Funds LLC increased its holdings in Kinross Gold by 3.9% in the second quarter. Gabelli Funds LLC now owns 5,194,500 shares of the mining company's stock valued at $43,218,000 after purchasing an additional 194,700 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Kinross Gold in the first quarter valued at about $3,199,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Kinross Gold by 84.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,635,418 shares of the mining company's stock worth $10,042,000 after buying an additional 748,277 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold Stock Down 2.0 %

Shares of NYSE:KGC traded down $0.22 during midday trading on Friday, reaching $10.53. 13,695,991 shares of the company were exchanged, compared to its average volume of 15,252,413. The firm has a market cap of $12.94 billion, a PE ratio of 25.68, a P/E/G ratio of 0.58 and a beta of 1.24. Kinross Gold Co. has a fifty-two week low of $4.75 and a fifty-two week high of $10.82. The stock has a fifty day simple moving average of $9.51 and a two-hundred day simple moving average of $8.45. The company has a quick ratio of 0.52, a current ratio of 1.27 and a debt-to-equity ratio of 0.19.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Wednesday, July 31st. The mining company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.20 billion. Kinross Gold had a return on equity of 9.32% and a net margin of 10.91%. The business's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, sell-side analysts forecast that Kinross Gold Co. will post 0.63 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, August 22nd. Kinross Gold's dividend payout ratio is currently 29.27%.

Wall Street Analysts Forecast Growth

KGC has been the topic of a number of analyst reports. StockNews.com downgraded shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, September 25th. Scotiabank upped their target price on shares of Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. CIBC lifted their price target on shares of Kinross Gold from $8.15 to $12.00 and gave the stock an "outperformer" rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group upped their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $9.50.

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.