Charles Schwab Investment Management Inc. Lowers Stock Position in Kinross Gold Co. (NYSE:KGC)

Charles Schwab Investment Management Inc. lessened its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,388,645 shares of the mining company’s stock after selling 180,213 shares during the period. Charles Schwab Investment Management Inc. owned about 0.28% of Kinross Gold worth $31,456,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,412 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Kinross Gold in the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its position 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 valued at $50,000 after acquiring an additional 4,788 shares during the last quarter. Avior Wealth Management LLC lifted its position 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 valued at $67,000 after acquiring an additional 5,140 shares during the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in Kinross Gold during the fourth quarter valued at approximately $92,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. 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 research report on Thursday, February 13th. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and an average price target of $11.63.

Kinross Gold Stock Up 2.0 %

NYSE:KGC opened at $11.63 on Monday. The firm has a market capitalization of $14.29 billion, a P/E ratio of 15.10, a PEG ratio of 0.68 and a beta of 1.29. 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 company’s fifty day moving average price is $11.01 and its 200-day moving average price is $10.15. Kinross Gold Co. has a 1-year low of $5.44 and a 1-year high of $12.28.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data 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 net margin of 18.43% and a return on equity of 12.65%. As a group, equities research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold’s dividend payout ratio is currently 15.58%.

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.