ExodusPoint Capital Management LP Cuts Stake in Kinross Gold Co. (NYSE:KGC)

ExodusPoint Capital Management LP lessened its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,045,452 shares of the mining company’s stock after selling 124,849 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Kinross Gold were worth $9,691,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in Kinross Gold by 11.9% in the third quarter. Cerity Partners LLC now owns 84,628 shares of the mining company’s stock worth $792,000 after buying an additional 8,993 shares during the last quarter. FMR LLC increased its position in shares of Kinross Gold by 18.0% during the third quarter. FMR LLC now owns 2,896,047 shares of the mining company’s stock valued at $27,131,000 after acquiring an additional 441,202 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Kinross Gold by 2.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 188,263 shares of the mining company’s stock valued at $1,762,000 after acquiring an additional 3,620 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Kinross Gold during the 3rd quarter valued at $848,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Kinross Gold by 12.0% in the 3rd quarter. Quantinno Capital Management LP now owns 37,026 shares of the mining company’s stock worth $347,000 after purchasing an additional 3,958 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

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

Kinross Gold Stock Performance

Shares of NYSE KGC opened at $11.84 on Friday. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 12-month low of $6.20 and a 12-month high of $12.90. The firm has a market capitalization of $14.56 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The firm has a 50 day moving average of $11.60 and a 200 day moving average of $10.48.

Kinross Gold (NYSE:KGC) (TSE:K) last posted 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 return on equity of 12.65% and a net margin of 18.43%. On average, research analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Dividend Announcement

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

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.