West Family Investments Inc. Sells 463,163 Shares of Kinross Gold Co. (NYSE:KGC)

West Family Investments Inc. decreased its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 96.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,908 shares of the mining company's stock after selling 463,163 shares during the quarter. West Family Investments Inc.'s holdings in Kinross Gold were worth $158,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of KGC. Vanguard Group Inc. boosted its stake in Kinross Gold by 1.1% in the first 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 in the last quarter. Gabelli Funds LLC increased its holdings in shares of 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 in the last quarter. International Assets Investment Management LLC acquired a new position in Kinross Gold during the 3rd quarter worth $780,000. Raymond James & Associates lifted its holdings in Kinross Gold by 25.7% during the 3rd quarter. Raymond James & Associates now owns 340,395 shares of the mining company's stock worth $3,186,000 after buying an additional 69,520 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in Kinross Gold in the 3rd quarter valued at $2,699,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Trading Up 0.8 %

NYSE:KGC traded up $0.08 during trading hours on Thursday, hitting $10.05. The stock had a trading volume of 12,418,248 shares, compared to its average volume of 15,501,232. 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 Co. has a one year low of $4.75 and a one year high of $10.82. The business's 50 day moving average is $9.87 and its 200-day moving average is $8.89. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 0.49 and a beta of 1.22.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company earned $0.12 earnings per share. The company's revenue for the quarter was up 29.9% compared to the same quarter last year. Sell-side analysts anticipate that Kinross Gold Co. will post 0.69 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Wednesday, November 27th. Kinross Gold's payout ratio is currently 19.67%.

Wall Street Analyst Weigh In

KGC has been the topic of several recent research reports. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. Scotiabank lifted their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group increased 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. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kinross Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

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.