Kinross Gold Co. (NYSE:KGC) Shares Sold by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC reduced its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,336 shares of the mining company’s stock after selling 3,845 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Kinross Gold were worth $207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new position in shares of Kinross Gold in the third quarter valued at approximately $774,000. Mediolanum International Funds Ltd acquired a new position in shares of Kinross Gold in the fourth quarter worth $2,506,000. International Assets Investment Management LLC purchased a new stake in shares of Kinross Gold during the third quarter worth $780,000. Geode Capital Management LLC raised its stake in shares of Kinross Gold by 16.9% in the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock valued at $54,803,000 after acquiring an additional 828,456 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Kinross Gold by 25.7% in the third quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock valued at $3,186,000 after purchasing an additional 69,520 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Stock Down 1.3 %

Shares of NYSE KGC opened at $11.27 on Monday. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $12.28. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.63. The business has a 50-day moving average of $10.39 and a two-hundred day moving average of $9.84.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. On average, analysts forecast that Kinross Gold Co. will post 0.73 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.07%. Kinross Gold’s dividend payout ratio is currently 19.67%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KGC. CIBC upped their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday. StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $11.63.

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.