Sequoia Financial Advisors LLC Sells 1,830 Shares of Kinross Gold Co. (NYSE:KGC)

Sequoia Financial Advisors LLC lessened its position in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,037 shares of the mining company’s stock after selling 1,830 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kinross Gold were worth $319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KGC. Atlas Capital Advisors LLC bought a new position in shares of Kinross Gold in the second quarter worth approximately $40,000. Advisor Resource Council bought a new position in Kinross Gold during the first quarter valued at approximately $60,000. Bright Futures Wealth Management LLC. bought a new position in Kinross Gold during the first quarter valued at approximately $70,000. Fifth Third Bancorp lifted its position in Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock valued at $80,000 after purchasing an additional 9,375 shares during the period. Finally, Blue Trust Inc. lifted its position in Kinross Gold by 113.1% during the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock valued at $94,000 after purchasing an additional 6,011 shares during the period. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Down 0.7 %

Shares of KGC stock opened at $10.46 on Tuesday. Kinross Gold Co. has a 12 month low of $4.75 and a 12 month high of $10.82. The stock has a market cap of $12.86 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.55 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $9.53 and a two-hundred day simple moving average of $8.50.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, July 31st. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 9.32%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. On average, research analysts expect that Kinross Gold Co. will post 0.64 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were paid a $0.03 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. Kinross Gold’s dividend payout ratio (DPR) is presently 29.27%.

Wall Street Analyst Weigh In

KGC has been the topic of a number of research analyst reports. CIBC increased their price objective on shares of Kinross Gold from $8.15 to $12.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group increased their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com downgraded shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, Scotiabank increased their price objective on shares of Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

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.