GSA Capital Partners LLP Has $242,000 Stake in Kinross Gold Co. (NYSE:KGC)

GSA Capital Partners LLP lessened its stake in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 63.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,890 shares of the mining company’s stock after selling 44,731 shares during the period. GSA Capital Partners LLP’s holdings in Kinross Gold were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new stake in Kinross Gold during the second quarter worth about $40,000. Fifth Third Bancorp boosted its position in shares of Kinross Gold by 3,524.4% during the 2nd quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after acquiring an additional 9,375 shares in the last quarter. Corundum Trust Company INC bought a new position in Kinross Gold in the third quarter valued at approximately $94,000. Fiera Capital Corp acquired a new position in Kinross Gold during the third quarter valued at approximately $99,000. Finally, Blue Trust Inc. lifted its stake in Kinross Gold by 113.1% during the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock worth $94,000 after purchasing an additional 6,011 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Price Performance

Shares of Kinross Gold stock opened at $10.22 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. The stock’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $8.92. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.49 and a beta of 1.22.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a return on equity of 11.49% and a net margin of 15.23%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 29.9% on a year-over-year basis. As a group, analysts expect that Kinross Gold Co. will post 0.69 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 annualized dividend and a yield of 1.17%. Kinross Gold’s dividend payout ratio (DPR) is 19.67%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. Jefferies Financial Group boosted their price objective on Kinross Gold from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Scotiabank increased their target price on 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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.00.

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.