Berkeley Capital Partners LLC Trims Stake in Kinross Gold Co. (NYSE:KGC)

Berkeley Capital Partners LLC lessened its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,374 shares of the mining company’s stock after selling 2,493 shares during the period. Berkeley Capital Partners LLC’s holdings in Kinross Gold were worth $143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System boosted its holdings in Kinross Gold by 5.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 481,690 shares of the mining company’s stock worth $4,472,000 after buying an additional 26,500 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Kinross Gold during the 4th quarter worth about $2,654,000. Thrivent Financial for Lutherans grew its position in shares of Kinross Gold by 18.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 730,485 shares of the mining company’s stock valued at $6,772,000 after acquiring an additional 112,876 shares during the period. Cadence Wealth Management LLC increased its stake in shares of Kinross Gold by 1.8% in the 4th quarter. Cadence Wealth Management LLC now owns 84,267 shares of the mining company’s stock valued at $781,000 after purchasing an additional 1,488 shares in the last quarter. Finally, 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 worth $381,000 after purchasing an additional 865 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Performance

Shares of NYSE:KGC opened at $12.32 on Friday. The business’s 50 day moving average price is $11.17 and its 200-day moving average price is $10.23. Kinross Gold Co. has a 1 year low of $5.64 and a 1 year high of $12.39. 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 firm has a market capitalization of $15.14 billion, a PE ratio of 15.99, a P/E/G ratio of 0.68 and a beta of 1.29.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its 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, equities research analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is 15.58%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a report on Wednesday. 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 note on Thursday, February 13th. Finally, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $11.63.

Kinross Gold Company 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.