Kinross Gold Co. (NYSE:KGC) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its position in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,309,511 shares of the mining company’s stock after selling 70,846 shares during the quarter. National Bank of Canada FI’s holdings in Kinross Gold were worth $55,156,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new position in Kinross Gold in the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in Kinross Gold during the fourth quarter worth $44,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Kinross Gold during the fourth quarter worth $53,000. SCP Investment LP grew its holdings in shares of Kinross Gold by 59.3% in the third quarter. SCP Investment LP now owns 18,800 shares of the mining company’s stock valued at $86,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Pearl River Capital LLC raised its stake in shares of Kinross Gold by 17.9% in the third quarter. Pearl River Capital LLC now owns 21,100 shares of the mining company’s stock valued at $96,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Up 0.6 %

KGC stock traded up $0.04 during mid-day trading on Friday, hitting $6.59. 11,671,585 shares of the company were exchanged, compared to its average volume of 18,793,488. The company has a current ratio of 2.63, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $8.09 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.04 and a beta of 1.14. Kinross Gold Co. has a twelve month low of $4.32 and a twelve month high of $6.87. The firm has a fifty day simple moving average of $5.98 and a 200 day simple moving average of $5.71.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Kinross Gold had a net margin of 9.82% and a return on equity of 8.85%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, research analysts forecast that Kinross Gold Co. will post 0.4 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is 35.29%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KGC shares. CIBC boosted their target price on shares of Kinross Gold from $7.00 to $8.15 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. StockNews.com raised shares of Kinross Gold from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. Jefferies Financial Group lifted their target price on shares of Kinross Gold from $5.00 to $6.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, TheStreet downgraded Kinross Gold from a “b” rating to a “c+” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.44.

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.