PDT Partners LLC Sells 333,232 Shares of Kinross Gold Co. (NYSE:KGC)

PDT Partners LLC cut its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 74.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,254 shares of the mining company's stock after selling 333,232 shares during the period. PDT Partners LLC's holdings in Kinross Gold were worth $1,051,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cetera Advisors LLC grew its stake in shares of Kinross Gold by 10.1% in the first quarter. Cetera Advisors LLC now owns 19,873 shares of the mining company's stock valued at $122,000 after buying an additional 1,828 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Kinross Gold in the 2nd quarter valued at about $129,000. Fulton Bank N.A. acquired a new position in shares of Kinross Gold during the 2nd quarter worth about $144,000. OLD National Bancorp IN bought a new stake in shares of Kinross Gold in the 2nd quarter valued at about $95,000. Finally, Artemis Investment Management LLP lifted its stake in 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 valued at $55,707,000 after purchasing an additional 5,107,120 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Performance

NYSE:KGC traded down $0.18 during mid-day trading on Monday, reaching $9.54. 13,852,675 shares of the company's stock were exchanged, compared to its average volume of 15,504,054. The business's fifty day simple moving average is $9.93 and its two-hundred day simple moving average is $9.03. Kinross Gold Co. has a one year low of $4.75 and a one year high of $10.82. The firm has a market capitalization of $11.72 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.43 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61.

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

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. Kinross Gold's payout ratio is presently 19.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KGC shares. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 9th. Scotiabank raised their price target on Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. 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 report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $11.13.

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.