Kinross Gold Co. (NYSE:KGC) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,309,511 shares of the mining company’s stock after selling 70,846 shares during the period. National Bank of Canada FI owned 0.76% of Kinross Gold worth $55,156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sapient Capital LLC acquired a new stake in Kinross Gold in the fourth quarter worth $374,000. Victory Capital Management Inc. boosted its stake in Kinross Gold by 42.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,293,342 shares of the mining company’s stock worth $13,875,000 after purchasing an additional 679,381 shares during the period. Kestra Private Wealth Services LLC grew its position in Kinross Gold by 199.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 30,049 shares of the mining company’s stock worth $182,000 after purchasing an additional 20,018 shares in the last quarter. Cadence Wealth Management LLC raised its stake in Kinross Gold by 6.8% during the 4th quarter. Cadence Wealth Management LLC now owns 100,959 shares of the mining company’s stock valued at $611,000 after purchasing an additional 6,415 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Kinross Gold by 12.3% in the fourth quarter. Russell Investments Group Ltd. now owns 797,251 shares of the mining company’s stock valued at $4,844,000 after purchasing an additional 87,520 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Up 0.6 %

Shares of NYSE KGC traded up $0.04 during mid-day trading on Friday, reaching $6.59. 11,671,585 shares of the company’s stock were exchanged, compared to its average volume of 18,793,488. The business has a fifty day simple moving average of $5.98 and a 200 day simple moving average of $5.71. Kinross Gold Co. has a twelve month low of $4.32 and a twelve month high of $6.87. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.04 and a beta of 1.14. The company has a current ratio of 2.63, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Kinross Gold had a return on equity of 8.85% and a net margin of 9.82%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts expect that Kinross Gold Co. will post 0.4 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

KGC has been the topic of several research analyst reports. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Jefferies Financial Group lifted their target price on shares of Kinross Gold from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. StockNews.com raised shares of Kinross Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. CIBC increased their target price on Kinross Gold from $7.00 to $8.15 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, TheStreet lowered shares of Kinross Gold from a “b” rating to a “c+” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.44.

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.