Corient Private Wealth LLC Trims Stake in Kinross Gold Co. (NYSE:KGC)

Corient Private Wealth LLC lowered its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,444 shares of the mining company’s stock after selling 6,305 shares during the quarter. Corient Private Wealth LLC’s holdings in Kinross Gold were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Kinross Gold by 62.2% in the 4th quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock worth $1,078,330,000 after buying an additional 44,610,091 shares during the period. First Eagle Investment Management LLC raised its position in shares of Kinross Gold by 80.9% during the fourth quarter. First Eagle Investment Management LLC now owns 12,610,383 shares of the mining company’s stock valued at $116,898,000 after buying an additional 5,639,383 shares during the last quarter. Intact Investment Management Inc. boosted its position in shares of Kinross Gold by 4,059.9% during the fourth quarter. Intact Investment Management Inc. now owns 1,510,040 shares of the mining company’s stock worth $14,022,000 after acquiring an additional 1,473,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Kinross Gold by 10.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company’s stock valued at $136,028,000 after purchasing an additional 1,398,225 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Kinross Gold by 115.7% during the third quarter. Toronto Dominion Bank now owns 2,078,490 shares of the mining company’s stock valued at $19,455,000 after buying an additional 1,114,801 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KGC. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. StockNews.com downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $11.63.

Kinross Gold Trading Down 0.1 %

Shares of Kinross Gold stock opened at $12.50 on Friday. The stock has a market cap of $15.37 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The firm has a fifty day moving average price of $11.40 and a 200 day moving average price of $10.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold Co. has a 1 year low of $6.13 and a 1 year high of $12.90.

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 research analysts predict that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

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.