FIL Ltd Sells 37,158 Shares of Kinross Gold Co. (NYSE:KGC)

FIL Ltd reduced its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,023,550 shares of the mining company’s stock after selling 37,158 shares during the period. FIL Ltd owned 0.90% of Kinross Gold worth $102,379,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Signaturefd LLC raised its holdings in Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock valued at $381,000 after acquiring an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC grew its position in shares of Kinross Gold by 30.4% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock valued at $40,000 after purchasing an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Kinross Gold by 2.4% during the fourth quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock worth $423,000 after purchasing an additional 1,079 shares during the period. Schechter Investment Advisors LLC lifted its holdings in Kinross Gold by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Kinross Gold by 4.9% in 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 during the period. 63.69% of the stock is owned by institutional investors.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $11.94 on Wednesday. The firm has a 50 day moving average of $11.67 and a 200-day moving average of $10.55. Kinross Gold Co. has a 12 month low of $6.20 and a 12 month high of $12.90. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $14.69 billion, a PE ratio of 15.50, a PEG ratio of 0.68 and a beta of 1.12.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, equities research analysts predict that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

Analyst Ratings Changes

Several research firms have weighed in on KGC. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 4th. Raymond James raised their price target on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 4th. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, CIBC lifted their price target on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $12.30.

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.