IFP Advisors Inc Cuts Stock Holdings in Kinross Gold Co. (NYSE:KGC)

IFP Advisors Inc reduced its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 71.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,695 shares of the mining company’s stock after selling 9,208 shares during the period. IFP Advisors Inc’s holdings in Kinross Gold were worth $34,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KGC. Global Retirement Partners LLC raised its holdings in Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,788 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Kinross Gold by 246.3% during the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares in the last quarter. Valley National Advisers Inc. purchased a new position in Kinross Gold during the fourth quarter worth about $92,000. OneDigital Investment Advisors LLC purchased a new position in Kinross Gold in the third quarter valued at about $94,000. Finally, EP Wealth Advisors LLC purchased a new position in Kinross Gold in the third quarter valued at about $95,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Trading Up 0.1 %

Shares of KGC opened at $11.16 on Friday. 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 50 day simple moving average of $10.84 and a 200-day simple moving average of $10.07. Kinross Gold Co. has a 1-year low of $5.32 and a 1-year high of $12.28. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24.

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 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%. Equities analysts forecast 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. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. Kinross Gold’s dividend payout ratio (DPR) is 15.58%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. CIBC increased their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.63.

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.