Kinross Gold Co. (NYSE:KGC) Shares Sold by Cape Ann Asset Management Ltd

Cape Ann Asset Management Ltd lowered its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,587,338 shares of the mining company’s stock after selling 281,325 shares during the period. Kinross Gold comprises about 21.0% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its biggest holding. Cape Ann Asset Management Ltd owned 0.29% of Kinross Gold worth $33,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of KGC. Private Advisor Group LLC raised its holdings in shares of Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock valued at $115,000 after purchasing an additional 981 shares in the last quarter. Schechter Investment Advisors LLC raised its holdings in shares of Kinross Gold by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock valued at $367,000 after purchasing an additional 1,080 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Kinross Gold by 4.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after purchasing an additional 1,106 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Kinross Gold by 2.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,796 shares of the mining company’s stock valued at $447,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,412 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of KGC opened at $10.75 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. The company has a market capitalization of $13.21 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24. The company’s fifty day moving average price is $10.70 and its 200 day moving average price is $10.02. Kinross Gold Co. has a one year low of $5.14 and a one year high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. As a group, analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a $0.03 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.12%. Kinross Gold’s dividend payout ratio is 15.58%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KGC shares. StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. CIBC lifted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.