Kinross Gold Co. (NYSE:KGC) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lessened its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.0% during the 4th quarter, Holdings Channel reports. The firm owned 494,656 shares of the mining company’s stock after selling 43,212 shares during the quarter. U S Global Investors Inc.’s holdings in Kinross Gold were worth $4,585,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp lifted its position in Kinross Gold by 62.2% during the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after purchasing an additional 44,610,091 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Kinross Gold during the 3rd quarter valued at about $14,193,000. Toronto Dominion Bank lifted its holdings in shares of Kinross Gold by 115.7% in the 3rd quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock valued at $19,455,000 after buying an additional 1,114,801 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Kinross Gold by 326.6% in the third quarter. BNP Paribas Financial Markets now owns 1,304,595 shares of the mining company’s stock worth $12,211,000 after buying an additional 998,763 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after acquiring an additional 828,456 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Down 4.3 %

Kinross Gold stock opened at $10.61 on Friday. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $12.28. The stock has a market capitalization of $13.03 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24. 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 business has a 50 day simple moving average of $10.64 and a 200-day simple moving average of $9.98.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts anticipate 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 will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.13%. Kinross Gold’s payout ratio is 15.58%.

Analysts Set New Price Targets

KGC has been the subject of a number of analyst reports. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday. CIBC increased their price target 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.