Kingsview Wealth Management LLC Sells 13,364 Shares of Kinross Gold Co. (NYSE:KGC)

Kingsview Wealth Management LLC lessened its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 53.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,581 shares of the mining company’s stock after selling 13,364 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Kinross Gold were worth $107,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capstone Investment Advisors LLC bought a new stake in shares of Kinross Gold in the 3rd quarter worth approximately $774,000. Mediolanum International Funds Ltd bought a new stake in shares of Kinross Gold in the 4th quarter worth approximately $2,506,000. International Assets Investment Management LLC bought a new stake in Kinross Gold during the 3rd quarter valued at $780,000. Geode Capital Management LLC lifted its position in shares of 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 in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Kinross Gold by 25.7% during the third quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock worth $3,186,000 after acquiring an additional 69,520 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com upgraded Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 9th. CIBC increased their target price on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kinross Gold has an average rating of “Buy” and a consensus target price of $11.63.

Kinross Gold Trading Down 1.3 %

Shares of KGC stock opened at $11.27 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.61. Kinross Gold Co. has a 52-week low of $4.75 and a 52-week high of $12.28. The company has a market capitalization of $13.85 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The business’s fifty day moving average is $10.39 and its 200 day moving average is $9.84.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. On average, equities research analysts anticipate that Kinross Gold Co. will post 0.73 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. Kinross Gold’s dividend payout ratio is presently 19.67%.

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.